Auto spare parts imports drop to USD 380 mn for first nine months of the year

Automotive spare parts imports in 9M2017 declined to USD 380 mn from USD 670 mn last year, deputy head of the Spare Parts Division of the Cairo Chambers of Commerce Shalaby Ghaleb said. The slump is part of the broader slowdown in the auto industries as both importers and consumers grapple with rising costs. Ghaleb added that the price increases have led to increased sales of counterfeit parts, a concern he has raised before.