{"id":559728,"date":"2021-02-02T04:13:24","date_gmt":"2021-02-02T04:13:24","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/counting-cars\/"},"modified":"2021-02-02T04:13:24","modified_gmt":"2021-02-02T04:13:24","slug":"counting-cars","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/02\/counting-cars\/","title":{"rendered":"Counting cars"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Car sales boomed in 2020, despite the pandemic: <\/strong>Passenger car sales rose 32% y-o-y in 2020, even as the pandemic forced a partial lockdown on the economy early in the year. Figures from the Automobile Market Information Council show that 168k cars were sold during the year, up from 127k in 2019. Sales of trucks and buses were also up in 2020, with bus sales up 30% to 26.4k and truck volumes up 6% to 37k.<\/p>\n<p><strong>Keep it all in perspective, though: <\/strong>Back in 2008, before the global financial crisis, the events of 2011 and the float of the EGP, the market was in the mid-200k per year range.<\/p>\n<p><strong>Car sales were up in December:<\/strong> AMIC member firms sold almost 20k passenger cars during the month, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3630433a-d8de-43f2-bb02-6704d23ba827\">a slight dip from November<\/a> but up 38% from 14.5k in December 2019. Truck sales rose to 4.5k from 4.2k in the same month in 2019 while bus sales slid 11% to 2.5k.<\/p>\n<p><strong>2020 might have been good, but 2Q was still rough: <\/strong>Sales fell <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/38e18539-8b5d-4fcf-a161-5e3bfa00f8c8\">as much as 26%<\/a> at the height of the lockdown in April, which caused dealerships to close and consumers to defer purchases. AMIC is an industry association which only reports data submitted by its members, who are local car agents.<\/p>\n<p><strong>IN OTHER AUTOMOTIVE NEWS- <\/strong><\/p>\n<p><strong>All-Egyptian MoU to assemble electric buses: <\/strong>Egyptian commercial vehicles manufacturer <a href=\"https:\/\/www.mcv-eg.com\/\">MCV<\/a>, which manufactures Mercedes buses, will work with a Military Production Ministry <a href=\"https:\/\/fact200.momp.gov.eg\/\">tank factory<\/a> to locally assemble electric buses for Egypt\u2019s transportation network <a href=\"https:\/\/bit.ly\/3pGNVQP\">within the next eight months<\/a>, under an MoU signed yesterday, cabinet said in <a href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/1847228838788806\">a statement<\/a>. The agreement is part of the state\u2019s drive to promote the use of clean energy on the road, which includes <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3c2a5ea6-252b-4010-886d-85aa37ba1b5a\">incentives<\/a> for domestic EVs assembly and the multi-year <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/2b32a76e-edee-488e-bb81-5700f30f1229\">natural gas transition plan<\/a>.<\/p>\n<p><strong>Volkswagen will set up an applied technology school for car maintenance<\/strong>, with classes set to begin next fall, under the terms of an MoU with the Education Ministry, according to a cabinet <a href=\"https:\/\/bit.ly\/36Ars0y\">statement<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Car sales boomed in 2020, despite the pandemic: Passenger car sales rose 32% y-o-y in 2020, even as the pandemic forced a partial lockdown on the economy early in the year. Figures from the Automobile Market Information Council show that 168k cars were sold during the year, up from 127k in 2019. Sales of trucks [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":559729,"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":[143,144,72,246,207],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-559728","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-enterpriseam","tag-green-economy","tag-transport","wpautop","entry"],"acf":{"mongo_id":"74801bf9-ba28-4b78-b3eb-2a78b9161449","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/2\/42.jpg","photo_position":"above","related_issue":[559716],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>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\/02\/02\/counting-cars\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Counting cars\" \/>\n<meta property=\"og:description\" content=\"Car sales boomed in 2020, despite the pandemic: Passenger car sales rose 32% y-o-y in 2020, even as the pandemic forced a partial lockdown on the economy early in the year. 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On a monthly basis, sales decreased from 19.5k passenger vehicles sold in June 2021 \u2014 an almost\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/9\/15.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":568509,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/11\/01\/car-sales-up-in-september-as-sector-continues-recovery-from-covid-slump\/","url_meta":{"origin":559728,"position":1},"title":"Car sales up in September as sector continues recovery from covid slump","author":"enterpriseam admin","date":"1 November 2020","format":false,"excerpt":"Car sales continued to tick upwards in September as the sector continued its recovery from the drop in sales during the second-quarter covid-19 lockdown, according to industry data released yesterday. Figures from the Automotive Information Council (AMIC) show that vehicle sales rose 11.25% y-o-y to 22.9k in September, up from\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/11\/18.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":563482,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/07\/05\/auto-industry-reboot\/","url_meta":{"origin":559728,"position":2},"title":"Auto industry reboot","author":"enterpriseam admin","date":"5 July 2021","format":false,"excerpt":"Passenger car sales almost doubled in May, increasing 88% y-o-y from the same month last year, according to figures from the Automotive Information Council (AMIC). Nearly 15.2k vehicles were sold during the month, up from only 8k in May 2020. On a monthly basis, however, sales were down from 16k\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/7\/32.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":560475,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/01\/a-good-ish-start-to-2021\/","url_meta":{"origin":559728,"position":3},"title":"A good-ish start to 2021","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"Auto sales had a better start to the year than they did in 2020: Passenger car sales soared 71% y-o-y in January, with nearly 14.9k vehicles sold during the first month of the year, according to figures from the Automotive Information Council (AMIC). On a monthly basis, however, sales decelerated\u2026","rel":"","context":"In &quot;Automotive&quot;","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/40.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":569748,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/03\/05\/egypts-passenger-car-sales-rise-in-january-for-the-first-time-in-10-months\/","url_meta":{"origin":559728,"position":4},"title":"Egypt\u2019s passenger car sales rise in January for the first time in 10 months","author":"enterpriseam admin","date":"5 March 2020","format":false,"excerpt":"Passenger car sales rose 10% y-o-y in January for the first time after 10 consecutive months of declines, according to figures from the Automotive Information Council (AMIC) picked up by Hapi Journal. Sales rose during the first month of 2020 to 8,747 vehicles. 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