Egypt’s auto sales rise 30% y-o-y in 10M2018

Total auto sales jumped 30% y-o-y in the first 10 months of 2018 with 150,000 vehicles sold, according to figures from the Automotive Information Council (AMIC) picked up by Al Mal. Locally assembled car sales increased 18.5% to 71.5k units, while imported car sales jumped by 62.3% to 78.4k. Chevrolet captured a 21.8% market share, followed by Hyundai (17.6%), Renault (8%), Kia (5%) and Opel (2.7%).