Egypt to sell up to 200k automotives in 2019, says AMIC head

Automotive sales in Egypt are expected to dip slightly to 180k-200k units this year, Automotive Information Council (AMIC) boss Moustafa Hussein tells Masrawy. Auto sales in 11M2018 recorded 166.8k units and are expected to have reached around 185k units at the end of last year, according to Hussein. Social media campaigns like “Let it Rust” calling on consumers to boycott the purchase of new cars in protest against high prices are expected to have somewhat of a negative effect on sales, but the industry is mostly struggling from consumers’ reduced purchasing power, Hussein says.