{"id":556968,"date":"2021-09-01T04:14:09","date_gmt":"2021-09-01T04:14:09","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/still-counting-cars\/"},"modified":"2021-09-01T04:14:09","modified_gmt":"2021-09-01T04:14:09","slug":"still-counting-cars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/still-counting-cars\/","title":{"rendered":"Still counting cars"},"content":{"rendered":"

<\/a> Passenger car sales grew 43% y-o-y in July<\/strong>, with some 17.8k vehicles sold during the month, up from c. 12.5k in July 2020, according to figures from industry association Automotive Information Council (AMIC). On a monthly basis, sales decreased from 19.5k passenger vehicles sold in June<\/a> 2021 \u2014 an almost 9% m-o-m drop in the number of cars sold.<\/p>\n

THE CAVEAT- <\/strong>The annual growth figures aren\u2019t quite as impressive as they seem due to a low base effect. This time last year, auto sales had hit the skids as the government\u2019s lockdown measures caused a sharp drop in consumer demand. AMIC figures reflect data contributed by member distributors, who include most (but not all) industry participants.<\/p>\n

Total auto sales \u2014 including busses and trucks \u2014 also increased c. 29% y-o-y to 23.5k vehicles in July.<\/strong> The lower sales volume month on month \u2014 26.2k units were sold in June \u2014 reflects a full week of holidays in July thanks to Eid Al Adha.<\/p>\n

Bus and truck sales saw mixed results:<\/strong> Truck sales rose 10.4% y-o-y to over 3.7k in July, from 3.4k in the same month last year \u2014 down from 5k trucks sold in June<\/a> as corporations took a full week off in July. Bus sales were down both y-o-y (-23%) and m-o-m (-12%) with nearly 1.9k units sold.<\/p>\n

Sales fell as much as 26% at the height of the covid-19 lockdown in April of last year<\/strong> as dealerships were shuttered and consumers deferred purchases. Despite that, AMIC figures for FY2020 showed that, overall, sales rose last year<\/a> \u2014 even as the pandemic forced a partial lockdown on the economy.<\/p>\n","protected":false},"excerpt":{"rendered":"

Passenger car sales grew 43% y-o-y in July, with some 17.8k vehicles sold during the month, up from c. 12.5k in July 2020, according to figures from industry association Automotive Information Council (AMIC). On a monthly basis, sales decreased from 19.5k passenger vehicles sold in June 2021 \u2014 an almost 9% m-o-m drop in the […]<\/p>\n","protected":false},"author":1,"featured_media":556969,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7339],"tags":[143,144,107,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-556968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-covid-19","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"b70fb498-8ab7-4750-93cf-ff46f14115fa","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/15.jpg","photo_position":"above","related_issue":[556959],"teaser":"","voice_url":""},"yoast_head":"\nStill counting cars - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/still-counting-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Still counting cars\" \/>\n<meta property=\"og:description\" content=\"Passenger car sales grew 43% y-o-y in July, with some 17.8k vehicles sold during the month, up from c. 12.5k in July 2020, according to figures from industry association Automotive Information Council (AMIC). 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