{"id":636605,"date":"2024-08-04T00:00:00","date_gmt":"2024-08-04T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/04\/auto-sales-up-for-the-third-month-in-a-row-in-june\/"},"modified":"2024-08-04T00:00:00","modified_gmt":"2024-08-04T00:00:00","slug":"auto-sales-up-for-the-third-month-in-a-row-in-june","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/04\/auto-sales-up-for-the-third-month-in-a-row-in-june\/","title":{"rendered":"Auto sales up for the third month in a row in June"},"content":{"rendered":"

Auto sale<\/strong>s jump 27.6% from May to June:<\/strong> Auto sales in June rose 27.6% m-o-m to just over 8k vehicles, according to figures from the Automotive Marketing Information Council (AMIC) seen by Enterprise. The increase follows a 10.8% m-o-m uptick in May<\/a> and a significant 35.1% m-o-m increase in April<\/a>, which saw sales rebound to 5.7k units from March\u2019s 4.2k \u2014 the lowest number of auto sales we\u2019ve seen since we started keeping track in January 2019.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

But not every auto segment saw sales increase over the month: <\/strong>Passenger car sales jumped 34.4% m-o-m to some 6.5k units in June, while bus sales rose 36.2% m-o-m to 613 units. However, truck sales saw a 8.1% decline to 938 units during the same period. <\/p>\n

Remember:<\/strong> Auto sales have been relatively volatile \u2014 but overall on the decline \u2014 for the last few years. In late 2023, auto sales fell even further on the back of FX shortages that limited supply in the market and gave distributors leverage to hike prices as they pleased. Despite prices reducing following the float of the EGP in March, the anticipated uptick in car sales did not happen as some believe customers adopted a wait-and-see approach in hopes of further price reductions down the line. The last three months of consecutive auto sales increases may be a sign that consumers are starting to return to the market.<\/p>\n

On a yearly basis:<\/strong> Auto sales in June came 26.6% higher than the 6.3k units sold in June 2023, driven by a 33.4% y-o-y increase in truck sales, and a 29.5% increase in passenger cars sales. Bus sales were down 3.6% compared to the same period last year.<\/p>\n

The caveat:<\/strong> AMIC figures reflect data contributed by member distributors, who include most, but not all, industry participants.<\/p>\n","protected":false},"excerpt":{"rendered":"

The increase was triggered by growth across passenger car and bus sales<\/p>\n","protected":false},"author":1,"featured_media":636606,"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],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-636605","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"1cbeead8-fc9a-4210-b455-177c7c148143","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/168.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Auto sales in Egypt continue rising for the third consecutive month in June","related_issue":[636597],"teaser":"The increase was triggered by growth across passenger car and bus sales","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.1c4c4257-b7c1-4b6c-abb4-e360dbbbfcec.mp3"},"yoast_head":"\nAuto sales up for the third month in a row in June - 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On a monthly basis sales were up from 15.2k cars sold in May.Keeping\u2026","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/74.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":556968,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/01\/still-counting-cars\/","url_meta":{"origin":636605,"position":1},"title":"Still counting cars","author":"enterpriseam admin","date":"1 September 2021","format":false,"excerpt":"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\u2026","rel":"","context":"In "Automotive"","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":669570,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/08\/05\/auto-sales-see-another-solid-jump-in-june\/","url_meta":{"origin":636605,"position":2},"title":"Auto sales see another solid jump in June","author":"enterpriseam admin","date":"5 August 2025","format":false,"excerpt":"Truck sales nearly tripled y-o-y, while overall sales were up 104.7%.","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/8\/175.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":660106,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/auto-sales-record-highest-figure-in-over-two-years-in-december\/","url_meta":{"origin":636605,"position":3},"title":"Auto sales record highest figure in over two years in December","author":"enterpriseam admin","date":"6 February 2025","format":false,"excerpt":"The total sales volume for the entire year grew 13.2% y-o-y","rel":"","context":"In "Automotive"","block_context":{"text":"Automotive","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/automotive\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/550.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":640574,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/08\/28\/auto-sales-jump-over-40-m-o-m-in-july\/","url_meta":{"origin":636605,"position":4},"title":"Auto sales jump over 40% m-o-m in July","author":"enterpriseam admin","date":"28 August 2024","format":false,"excerpt":"The total number of vehicles sold is the highest reported since August 2022 \u2014 a whole 23 months ago","rel":"","context":"In "Automotive"","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":667677,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/01\/auto-sales-record-highest-figure-in-almost-three-years-in-may\/","url_meta":{"origin":636605,"position":5},"title":"Auto sales record highest figure in almost three years in May","author":"enterpriseam admin","date":"1 July 2025","format":false,"excerpt":"On a yearly basis, total auto sales in May were up 127.7%.","rel":"","context":"In "Automotive"","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":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636605","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=636605"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/636605\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/636597"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/636606"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=636605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=636605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=636605"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=636605"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=636605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}