{"id":577608,"date":"2022-11-29T03:54:47","date_gmt":"2022-11-29T03:54:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/"},"modified":"2022-11-29T03:54:47","modified_gmt":"2022-11-29T03:54:47","slug":"egypt-car-sales-down-again-in-october","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/","title":{"rendered":"Egypt car sales down again in October"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Auto sales down yet again: <\/strong>Monthly auto sales fell in October as the industry faces continued import difficulties. Less than 6.1k passenger vehicles were sold last month, down 69% from the same month last year, according to figures released by the Automotive Information Council (AMIC), an industry group.<\/p>\n<p><strong>Passenger vehicle sales hit a 4.5 year low for a <\/strong><strong><a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/14b3ae47-c924-4ff2-a5b9-4b0ea2d6c2db\">second consecutive month<\/a><\/strong> \u2014 excluding April 2020, when sales slumped amid the outbreak of the pandemic. We\u2019ve tracked AMIC sales data going back to the start of 2018.<\/p>\n<p><strong>Buses and trucks were no exception: <\/strong>Around 1.4k buses were sold during the month, down 43% from October last year. Truck sales were down 63% to 1.5k units. Total vehicle sales dropped 65% y-o-y to 9k in October. AMIC figures reflect data contributed by member distributors, who include most (but not all) industry participants.<\/p>\n<p><strong>It\u2019s been an annus horribilis for the auto industry \u2014 but there may be light at the end of the tunnel: <\/strong>The central bank is in the process of rolling back import restrictions it introduced in February to preserve foreign currency. The <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f1237459-2827-438d-96c3-8fe7a8dce26e\">new rules<\/a> made it almost impossible for distributors to bring fully built up vehicles, assembly kits, and spare parts into the country and forced a number of global car manufacturers to <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/3242bc1d-f416-47a6-a914-3ce472eb1c9f\">suspend sales<\/a> to Egypt. The restrictions could be fully <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/ddd263a4-f28f-47d4-90e2-e93c3db56a26\">lifted by the end of the year<\/a> \u2014 but it will likely take longer to solve an FX shortage that is <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/f672467e-6883-4598-b682-514b16c303de\">reportedly slowing the release of goods<\/a> at ports \u2014 and to repair the severed links in our auto supply chain.<\/p>\n<p><strong>In other words: Don\u2019t expect showrooms to be significantly restocked until closer to mid-year 2023<\/strong> by the time local assemblers place and receive kit orders and importers of fully built-up units are able to place, pay for and receive goods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Auto sales down yet again: Monthly auto sales fell in October as the industry faces continued import difficulties. Less than 6.1k passenger vehicles were sold last month, down 69% from the same month last year, according to figures released by the Automotive Information Council (AMIC), an industry group. Passenger vehicle sales hit a 4.5 year [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":577609,"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":[143,144,901,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-577608","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-data","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"8af7e94a-948b-4e82-88c1-7bf953056801","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2022\/11\/474.jpg","photo_position":"above","related_issue":[577595],"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>Egypt car sales down again in October - 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\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt car sales down again in October\" \/>\n<meta property=\"og:description\" content=\"Auto sales down yet again: Monthly auto sales fell in October as the industry faces continued import difficulties. Less than 6.1k passenger vehicles were sold last month, down 69% from the same month last year, according to figures released by the Automotive Information Council (AMIC), an industry group. Passenger vehicle sales hit a 4.5 year [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-29T03:54:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Egypt car sales down again in October\",\"datePublished\":\"2022-11-29T03:54:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\"},\"wordCount\":301,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/474.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AMIC\",\"automotive\",\"data\",\"EnterpriseAM\"],\"articleSection\":[\"Automotive\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2022\/11\/29\/egypt-car-sales-down-again-in-october\/\",\"name\":\"Egypt car sales down again in October - 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Data from the Automotive Information Council (AMIC) showed that 19.7k units were sold during the month, down from 20.5k during November of 2020 and 19.3k units in October.The chip shortage is making itself felt: November\u2019s\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\/2022\/1\/29.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":666698,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/12\/auto-sales-jump-14-8-m-o-m-in-april\/","url_meta":{"origin":577608,"position":1},"title":"Auto sales jump 14.8% m-o-m in April","author":"enterpriseam admin","date":"12 June 2025","format":false,"excerpt":"On a yearly basis, total auto sales in April were up 117.7%.","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\/2024\/8\/2413.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":658096,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/01\/05\/auto-sales-continue-to-rise-12-5-for-the-second-consecutive-month-in-november\/","url_meta":{"origin":577608,"position":2},"title":"Auto sales continue to rise 12.5% for the second consecutive month in November","author":"enterpriseam admin","date":"5 January 2025","format":false,"excerpt":"Passenger car sales drove the trend with a 14.8% m-o-m increase to 8.5k for the month","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\/2\/3999.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":661965,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/03\/09\/januarys-auto-sales-dip-from-two-year-high-seen-in-december\/","url_meta":{"origin":577608,"position":3},"title":"January\u2019s auto sales dip from two-year high seen in December","author":"enterpriseam admin","date":"9 March 2025","format":false,"excerpt":"The market saw a 61.4% increase in total vehicle sales in January, reaching 10,1k compared to 6.3k units y-o-y","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\/2025\/3\/584.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":543980,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/02\/28\/car-sales-up-13-in-january\/","url_meta":{"origin":577608,"position":4},"title":"Car sales up 13% in January","author":"enterpriseam admin","date":"28 February 2022","format":false,"excerpt":"Passenger car sales were up 13% y-o-y in January, according to industry figures released yesterday. Data from the Automotive Information Council (AMIC) showed that nearly 16.9k cars were sold during the month, up from 14.9k in January 2020.January saw car sales extend a strong run of growth from last year,\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\/2022\/2\/387.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":587613,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/05\/30\/car-sales-drop-69-in-april\/","url_meta":{"origin":577608,"position":5},"title":"Car sales drop 69% in April","author":"enterpriseam admin","date":"30 May 2023","format":false,"excerpt":"Monthly auto sales dropped to their lowest levels since at least the start of 2018","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\/2023\/5\/1578.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577608","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=577608"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/577608\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/577595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/577609"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=577608"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=577608"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=577608"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=577608"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=577608"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}