Egypt automotive sales down 5% y-o-y in 4M2019

Total vehicle sales in Egypt fell 5% y-o-y to 46,589 vehicles in 4M2019, compared to 49,062 vehicles in the same period last year, according to figures from the Automotive Information Council (AMIC) cited by Al Mal. Passenger car sales dropped 10% y-o-y to 31,349 units, while bus sales climbed 8% y-o-y to 4,504. The automotive industry had shown signs of recovery last year following a slump that was exacerbated by the EGP devaluation in 2016.