{"id":639183,"date":"2017-10-23T03:26:16","date_gmt":"2017-10-23T03:26:16","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/automotive-prices-to-decrease-10-20-by-beginning-of-2018\/"},"modified":"2017-10-23T03:26:16","modified_gmt":"2017-10-23T03:26:16","slug":"automotive-prices-to-decrease-10-20-by-beginning-of-2018","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/23\/automotive-prices-to-decrease-10-20-by-beginning-of-2018\/","title":{"rendered":"Automotive prices to decrease 10-20% by beginning of 2018?"},"content":{"rendered":"

Auto dealers are expecting car prices to drop 10-20% over the next two months and through the beginning of 2018 to reflect improved USD exchange rates and customs tariffs, they tell Al Masry Al Youm<\/a>. Distributors are looking to clear current inventory before announcing reduced price tags, they explain, adding that prices are also expected to dip as various freetrade agreements, such as the Mercosur pact, come into effect, opening the door for tariff-free imports. We, on the other hand, aren't holding our collective breath. Auto sales witnessed a significant drop over the past several months, with expectations seeing sales declining by as much as 50% y-o-y<\/a> in 2017. Some industry insiders believe, however, that industry is poised for a2018 comeback<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Auto dealers are expecting car prices to drop 10-20% over the next two months and through the beginning of 2018 to reflect improved USD exchange rates and customs tariffs, they tell Al Masry Al Youm. Distributors are looking to clear current inventory before announcing reduced price tags, they explain, adding that prices are also expected […]<\/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":[9291],"tags":[2370,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-639183","post","type-post","status-publish","format-standard","hentry","category-automotive-transportation","tag-automotive-transportation","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"60ecf709-260a-4913-b858-7d1d84bd1b63","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[639140],"teaser":"","voice_url":""},"yoast_head":"\nAutomotive prices to decrease 10-20% by beginning of 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\/2017\/10\/23\/automotive-prices-to-decrease-10-20-by-beginning-of-2018\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Automotive prices to decrease 10-20% by beginning of 2018?\" \/>\n<meta property=\"og:description\" content=\"Auto dealers are expecting car prices to drop 10-20% over the next two months and through the beginning of 2018 to reflect improved USD exchange rates and customs tariffs, they tell Al Masry Al Youm. 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General Manager of Brilliance at Bavarian Auto, Khaled Saad, attributed\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":630606,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/04\/26\/gb-auto-boss-expects-car-prices-to-remain-high-after-zero-tariff-cars-from-the-eu-enter-the-market-in-2019-pushes-on-automotive-directive\/","url_meta":{"origin":639183,"position":1},"title":"GB Auto boss expects car prices to remain high after zero-tariff cars from the EU enter the market in 2019, pushes on automotive directive","author":"enterpriseam admin","date":"26 April 2018","format":false,"excerpt":"GB Auto boss expects car prices to remain high after zero-tariff cars from the EU enter the market in 2019: Don\u2019t expect auto prices to go down once customs on cars imported from the European Union fall to zero next January, our friend GB Auto Chairman Raouf Ghabbour tells Al\u2026","rel":"","context":"In "Speed Round"","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":652914,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/22\/egyptian-automotive-manufacturing-association-expects-sales-to-drop-by-50-in-1h2017\/","url_meta":{"origin":639183,"position":2},"title":"Egyptian Automotive Manufacturing Association expects sales to drop by 50% in 1H2017","author":"enterpriseam admin","date":"22 January 2017","format":false,"excerpt":"The Egyptian Automotive Manufacturing Association (EAMA) expects total car sales during 1H2017 to drop 50% year-on-year, due to the \u201cunreasonable\u201d rise in car prices following the EGP float that have led to a near-complete halt in car sales over the past few months, EAMA head Hassan Soliman said, Al Mal\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":645035,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/07\/10\/egypts-auto-market-expected-to-slide-50-y-o-y-in-2017-amic\/","url_meta":{"origin":639183,"position":3},"title":"Egypt\u2019s auto market expected to slide 50% y-o-y in 2017 - AMIC","author":"enterpriseam admin","date":"10 July 2017","format":false,"excerpt":"Egypt\u2019s auto market is expected to remain in a slump as sales are seen dropping by 50% year-on-year to 110-110k units in 2017, Automotive Information Council (AMIC) spokesperson Khaled Hosni said on Sunday, according to Al Mal. 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