{"id":634242,"date":"2018-01-10T04:02:16","date_gmt":"2018-01-10T04:02:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/car-dealers-see-car-prices-decreasing-slightly-if-at-all-in-2018\/"},"modified":"2018-01-10T04:02:16","modified_gmt":"2018-01-10T04:02:16","slug":"car-dealers-see-car-prices-decreasing-slightly-if-at-all-in-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/10\/car-dealers-see-car-prices-decreasing-slightly-if-at-all-in-2018\/","title":{"rendered":"Car dealers see car prices decreasing slightly, if at all, in 2018"},"content":{"rendered":"

<\/a> Car dealers and distributors expect auto prices to decrease only slightly \u2014 if at all \u2014 in 2018<\/strong>, a number of them tell Ahram Gate<\/a>. Car prices are influenced by a number of factors, such as regular inflation in their countries of origin and the EGP-USD exchange rate, which means that prices will not drop by more than 1%, in the unlikely event of them decreasing at all, says Omar Balbaa, the head of the Federation of Egyptian Industries\u2019 auto division, stressing the importance of developing<\/a> the local auto industry and moving up the value chain towards manufacturing. Others are expecting car prices to climb this year<\/strong>, prodded by increases in custom tariffs and other duties, such as the value-added tax. Despite that, FEI auto division member Abdallah Tork sees sales rebounding slightly during the year<\/strong>. Auto sales slumped c. 40% in 2017 as prices skyrocketed after the EGP float in late 2016. Some car dealers had said in October<\/a> that they expect car prices to drop 10-20% by the start of 2018 to reflect improvements in the USD exchange rate and the impact of various freetrade agreements coming into effect.<\/p>\n","protected":false},"excerpt":{"rendered":"

Car dealers and distributors expect auto prices to decrease only slightly \u2014 if at all \u2014 in 2018, a number of them tell Ahram Gate. Car prices are influenced by a number of factors, such as regular inflation in their countries of origin and the EGP-USD exchange rate, which means that prices will not drop […]<\/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-634242","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"1fcd851c-6c43-4919-b6b9-bcd72d490e83","order":"0","is_powered_by":true,"section_story_id":"71f12462-10f0-4f04-834a-dc3a45489c05","story_type":"1","photo_url":"","photo_position":"above","related_issue":[634232],"teaser":"","voice_url":""},"yoast_head":"\nCar dealers see car prices decreasing slightly, if at all, in 2018 - 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\/01\/10\/car-dealers-see-car-prices-decreasing-slightly-if-at-all-in-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Car dealers see car prices decreasing slightly, if at all, in 2018\" \/>\n<meta property=\"og:description\" content=\"Car dealers and distributors expect auto prices to decrease only slightly \u2014 if at all \u2014 in 2018, a number of them tell Ahram Gate. 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