Egypt’s auto market cools in April as buyers digest 1Q pull-forward
“April was the height of uncertainty,” Cars by Maged’s Maged El Tawil tells us
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“April was the height of uncertainty,” Cars by Maged’s Maged El Tawil tells us
Anticipated price hikes and rising inflationary pressures fueled March car sales and EV adoption
Total sales rose 22.5% m-o-m to 17.3k units.
Sales of vehicles imported whole rose 12.1 percentage points faster than those assembled locally
Bus sales saw the biggest increase in October, climbing 14.2% m-o-m
Total sales rose 12.7% m-o-m to 17.6k units
Auto sales fell 4.9% m-o-m in July to 15.6k units
Truck sales nearly tripled y-o-y, while overall sales were up 104.7%.
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