Automotive prices to decrease 10-20% by beginning of 2018?

Auto dealers are expecting car prices to drop 10-20% over the next two months and through the beginning of 2018 to reflect improved USD exchange rates and customs tariffs, they tell Al Masry Al Youm. Distributors are looking to clear current inventory before announcing reduced price tags, they explain, adding that prices are also expected to dip as various freetrade agreements, such as the Mercosur pact, come into effect, opening the door for tariff-free imports. We, on the other hand, aren't holding our collective breath. Auto sales witnessed a significant drop over the past several months, with expectations seeing sales declining by as much as 50% y-o-y in 2017. Some industry insiders believe, however, that industry is poised for a2018 comeback.