{"id":648564,"date":"2017-04-06T03:53:27","date_gmt":"2017-04-06T03:53:27","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/car-sales-to-remain-in-a-slump-for-what-remains-of-1h2017\/"},"modified":"2017-04-06T03:53:27","modified_gmt":"2017-04-06T03:53:27","slug":"car-sales-to-remain-in-a-slump-for-what-remains-of-1h2017","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/04\/06\/car-sales-to-remain-in-a-slump-for-what-remains-of-1h2017\/","title":{"rendered":"Car sales to remain in a slump for what remains of 1H2017"},"content":{"rendered":"

<\/a> The slump in car sales is likely to last through the rest of 1H2017<\/strong> as prices continue to climb, Federation of Egyptian Chambers of Commerce member Alaa El Sabaa tells Al Mal<\/a>. The drop in sales is the sharpest since 2004. We noted earlier this week<\/a> that car sales for February were down 60% year-on-year, despite the market\u2019s attempt to battle the slump with discounts and promotional offers.<\/p>\n","protected":false},"excerpt":{"rendered":"

The slump in car sales is likely to last through the rest of 1H2017 as prices continue to climb, Federation of Egyptian Chambers of Commerce member Alaa El Sabaa tells Al Mal. The drop in sales is the sharpest since 2004. We noted earlier this week that car sales for February were down 60% year-on-year, […]<\/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-648564","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"91590c31-b246-43bb-8e16-a3484fc94b41","order":"0","is_powered_by":true,"section_story_id":"131ac6a3-8405-4945-b8e9-a1e5596d7807","story_type":"1","photo_url":"","photo_position":"above","related_issue":[648548],"teaser":"","voice_url":""},"yoast_head":"\nCar sales to remain in a slump for what remains of 1H2017 - 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\/04\/06\/car-sales-to-remain-in-a-slump-for-what-remains-of-1h2017\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Car sales to remain in a slump for what remains of 1H2017\" \/>\n<meta property=\"og:description\" content=\"The slump in car sales is likely to last through the rest of 1H2017 as prices continue to climb, Federation of Egyptian Chambers of Commerce member Alaa El Sabaa tells Al Mal. 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Recent discounts that ranged from EGP 18k-51k for some brands were unable to reverse the downtrend in\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":648564,"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":638342,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/10\/02\/auto-sales-slump-continues-in-august\/","url_meta":{"origin":648564,"position":3},"title":"Auto sales slump continues in August","author":"enterpriseam admin","date":"2 October 2017","format":false,"excerpt":"The auto industry slump continues, with overall sales declining 20% y-o-y in August and only 14,102 vehicles sold, Al Borsa reports citing a report by the Automotive Marketing Information Council. Passenger car sales fell 20% for the month, while bus sales dropped 25.9%. Truck sales slipped 14.8% in August. 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