Auto sales resumed their decline in June, falling to the lowest level sin ce February as the industry continues to suffer through the FX crisis, according to figures released this morning by the Automotive Marketing Information Council (AMIC). Car companies sold 6.3k vehicles during the month, down from 7.3k in May, when sales rose after Ramadan. That’s 64% lower than the 17.1k vehicles that were sold in June 2022.

Remember: The ongoing currency crisis is weighing heavily on the local auto sector, which has struggled to find the FX to import vehicles and suffered from soaring inflation.

The breakdown: Companies sold fewer than 5k passenger cars during the month, down from 5.7k the month before and almost 60% lower than June 2022. Bus sales volumes fell slightly to 636 from 694 the month prior while sales of trucks fell to 703, the lowest figure since at least the beginning of 2018.

Sales are down heavily this year: Distrbuitors have sold just 26.9k passenger cars so far this year, down more than 70% from the first six months of 2022.

It has been tough going for the sector: Total auto sales volumes fell more than a third in 2022 after capital controls in place for most of the year made it almost impossible for distributors to import cars and components, and forced a number of global car manufacturers to suspend sales to Egypt.

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