{"id":628411,"date":"2018-05-03T04:07:56","date_gmt":"2018-05-03T04:07:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/"},"modified":"2018-05-03T04:07:56","modified_gmt":"2018-05-03T04:07:56","slug":"automotive-sales-rebound-in-1q2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/","title":{"rendered":"Automotive sales rebound in 1Q2018"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a> <strong>Automotive sales rebound in 1Q2018:<\/strong> Total vehicle sales (including passenger cars and commercial vehicles) jumped 32.3% y-o-y in 1Q2018, with around 35,100 units sold, according to figures from the <a href=\"https:\/\/alborsanews.com\/2018\/05\/02\/1102199\">Automotive Information Council (AMIC)<\/a>. Passenger car sales grew 24% during the quarter. Sales of imported cars were up more than 21%, while, sales of locally assembled cars surged more than 40% y-o-y. Nissan continued to top passenger car sales with a 23% market share, followed by Hyundai (22%), Renault and Chevrolet (10% each), Toyota (7%), and Kia (6%). Truck sales soared 91% y-o-y during the quarter to 7,440 units, up from 3,900 during the same period last year.<\/p>\n<p><strong>Automotive sales are expected to rise as much as 10-15% over the course of 2018<\/strong>, deputy head of the car dealers association Ehab El Moslemy <a href=\"http:\/\/almalnews.com\/Story\/374614\/18\/%D9%88%D9%83%D9%84%D8%A7%D8%A1-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%B1%D8%A7%D8%AA-%D8%AA%D8%AA%D9%88%D9%82%D8%B9-%D9%86%D9%85%D9%88-%D8%A7%D9%84%D8%A7%D9%8A%D8%B1%D8%A7%D8%AF%D8%A7%D8%AA-%D8%A7%D9%84%D8%A5%D8%AC%D9%85%D8%A7%D9%84%D9%8A%D8%A9-15%D8%A8%D8%A7%D9%84%D9%85%D8%A6%D8%A9-%D9%86%D9%87%D8%A7%D9%8A%D8%A9-%D8%A7%D9%84%D8%B9%D8%A7%D9%85\">tells Al Mal<\/a>. The expected rise will come as consumers absorb the shock of rising prices, he said. The year-long slump in the auto industry, which saw passenger car sales decline 30% in 2017 after the float of the EGP in late 2016, began slowing in November, which saw a 0.4% increase in sales. <a href=\"https:\/\/enterprise.press\/stories\/2018\/01\/31\/is-the-car-market-finally-turning-the-corner\/\">December saw a sharp jump<\/a> of 21% in sales, but the recovery was short-lived \u2014 January <a href=\"https:\/\/enterprise.press\/stories\/2018\/03\/11\/passenger-car-sales-drop-2-3-y-o-y-in-january-reaching-their-lowest-level-since-may-2017\/\">recorded the lowest number<\/a> of cars sold since May 2017 due to low sales of imported vehicles.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Automotive sales rebound in 1Q2018: Total vehicle sales (including passenger cars and commercial vehicles) jumped 32.3% y-o-y in 1Q2018, with around 35,100 units sold, according to figures from the Automotive Information Council (AMIC). Passenger car sales grew 24% during the quarter. Sales of imported cars were up more than 21%, while, sales of locally assembled [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[8572],"tags":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-628411","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"c0bf5f42-806e-46d6-8a56-2b731649b6bf","order":"0","is_powered_by":true,"section_story_id":"64dbc2a4-6013-46fd-8c36-e29217caade0","story_type":"1","photo_url":"","photo_position":"above","related_issue":[628403],"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>Automotive sales rebound in 1Q2018 - 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\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automotive sales rebound in 1Q2018\" \/>\n<meta property=\"og:description\" content=\"Automotive sales rebound in 1Q2018: Total vehicle sales (including passenger cars and commercial vehicles) jumped 32.3% y-o-y in 1Q2018, with around 35,100 units sold, according to figures from the Automotive Information Council (AMIC). Passenger car sales grew 24% during the quarter. Sales of imported cars were up more than 21%, while, sales of locally assembled [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2018-05-03T04:07:56+00:00\" \/>\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\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Automotive sales rebound in 1Q2018\",\"datePublished\":\"2018-05-03T04:07:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\"},\"wordCount\":203,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\",\"name\":\"Automotive sales rebound in 1Q2018 - EnterpriseAM Egypt\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\"},\"datePublished\":\"2018-05-03T04:07:56+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/egypt\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Automotive sales rebound in 1Q2018\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#website\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"name\":\"EnterpriseAM\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/egypt\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\",\"name\":\"EnterpriseAM\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/240894.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/240894.svg\",\"caption\":\"EnterpriseAM\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/egypt\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Automotive sales rebound in 1Q2018 - EnterpriseAM Egypt","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/egypt\/2018\/05\/03\/automotive-sales-rebound-in-1q2018\/","og_locale":"en_US","og_type":"article","og_title":"Automotive sales rebound in 1Q2018","og_description":"Automotive sales rebound in 1Q2018: Total vehicle sales (including passenger cars and commercial vehicles) jumped 32.3% y-o-y in 1Q2018, with around 35,100 units sold, according to figures from the Automotive Information Council (AMIC). 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The report contradicts the latest findings by the Automotive Information Council (AMIC), which said earlier\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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600718,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/02\/07\/automotive-sales-recover-during-2018\/","url_meta":{"origin":628411,"position":1},"title":"Automotive sales recover during 2018","author":"enterpriseam admin","date":"7 February 2019","format":false,"excerpt":"Automotive sales rebounded in 2018 as total vehicle sales jumped 42.9% y-o-y, approaching pre-floatation levels with 193,800 units sold, according to figures from the Automotive Information Council (AMIC). 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