Egypt’s passenger car sales rose 12% y-o-y in August as the market continued to recover, but fell 8% m-o-m “likely due to seasonal impact,” according to figures from the Automotive Information Council (AMIC). GB Auto’s total car sales went down by 5% to 3,740 units while its market share fell to 32.5% in August compared to the same month last year. The automotive industry has been rebounding since January 2018 following a year-long slump.

Tags: