Egypt drops seven spots to 40 on Focus2Moves annual car market rankings 2016

Egypt dropped seven spots to number 40 on car market intelligence firm Focus2Moves’ 2016 ranking of global car markets by sales. The drop came as Egypt’s sales fell 20.8% year-on-year to 217,425 cars in 2016, from 274,389 in 2015. Egypt’s market share of global auto sales also fell to 0.2% in 2016 from 0.3% in 2015. Regional rival Morocco came in 45, jumping from 49 in 2015 on the back of a 24.1% rise in sales.