A group of auto distributors is reportedly refusing to receive their March car shipments from agents due to the slump in sales they have been experiencing since the EGP float, Al Mal reports. Recent discounts that ranged from EGP 18k-51k for some brands were unable to reverse the downtrend in auto sales that began in November and carried through in the first quarter of 2017. GB Auto, Nissan Egypt, and Kia Motors were among those who announced price reductions.

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