{"id":546158,"date":"2022-05-05T03:55:55","date_gmt":"2022-05-05T03:55:55","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/"},"modified":"2022-05-05T03:55:55","modified_gmt":"2022-05-05T03:55:55","slug":"fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/05\/05\/fallout-from-war-in-ukraine-officially-hit-the-auto-industry-in-march-as-expected\/","title":{"rendered":"Fallout from war in Ukraine officially hit the auto industry in March \u2014 as expected"},"content":{"rendered":"

<\/a> Passenger car sales fell 3% y-o-y in March<\/strong>, according to figures from the Automotive Information Council (AMIC), an industry association to which most distributors report sales. AMIC data shows that around 18.9k cars were sold in March, down from 19.5k in the same period last year. That ends a run of growth that began last year. You can thank shortages of components, rising inflation, disruption to local production, a slowdown in imports, and the upward pressure on prices following the float of the EGP toward the end of March. Last year saw the sector shrug off the global chip shortage as strong demand pushed sales to their highest levels since the EGP float in 2016.<\/p>\n

The breakdown:<\/strong><\/p>\n