{"id":660106,"date":"2025-02-06T00:00:00","date_gmt":"2025-02-06T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/auto-sales-record-highest-figure-in-over-two-years-in-december\/"},"modified":"2025-02-06T00:00:00","modified_gmt":"2025-02-06T00:00:00","slug":"auto-sales-record-highest-figure-in-over-two-years-in-december","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/06\/auto-sales-record-highest-figure-in-over-two-years-in-december\/","title":{"rendered":"Auto sales record highest figure in over two years in December"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The auto market ended 2024 on a high <\/strong><strong>note<\/strong>, with December vehicle sales rising 19.7% m-o-m to around 13k vehicles, up from <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/a2242fb6-fd21-4a5e-a25b-cb586602a30e\/auto-sales-continue-to-rise-12.5%25-for-the-second-consecutive-month-in-november\" style=\"\" rel=\"noopener\">10.8k<\/a> in November, according to figures from the Automotive Marketing Information Council (AMIC) seen by EnterpriseAM. December\u2019s sales mark the highest monthly sales volume seen since August 2022 and marks a continued rebound in vehicle sales on a monthly basis that began last October.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>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<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Driving the growth:<\/strong> Bus sales saw the sharpest m-o-m increase in December, rising 27.6% m-o-m to 952 units. The passenger cars segment also saw notable growth, with a 24.8% m-o-m jump in vehicles sold to 10.6k units. Truck sales, however, took a hit falling 11.2% to 1.4k units. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On a yearly basis: <\/strong>Total auto sales in December were up 24.6% from the same period last year, with all three segments seeing growth. Passenger car sales were up 26.8% y-o-y, bus sales increased by 20.8% y-o-y, and truck sales saw a 12.4% y-o-y increase. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>All in all, it was a pretty solid year for Egypt\u2019s auto market: <\/strong>The total sales volume for the entire year grew 13.2% y-o-y with some 102.2k vehicles sold. Passenger car sales grew 18% y-o-y and truck sales were up 5.2% y-o-y. Bus sales were down, falling 12.7% y-o-y. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We have an idea why: <\/strong>Last year saw the auto market catch its breath after a turbulent period triggered by an FX crunch that limited supply in the market and gave distributors leverage to hike prices as they pleased. This changed following the float of the EGP in March. The market has been in rebound since March 2024, when it saw <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/0a7601c5-d341-4b7d-8c2e-f3928855bbce\/auto-sales-fall-43%2525-m-o-m-in-march-as-customers-wait-for-further-price-reductions\" style=\"\" rel=\"noopener\">sales plummet to just 4.2k vehicles<\/a> \u2014 the lowest number of auto sales we\u2019ve seen since we started keeping track in January 2019.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The market leaders:<\/strong> Nissan held the largest market share of Egypt\u2019s auto market last year, with a 15.9% share. Chery-Ghabbour came in second with a 13.4% share and Chevrolet followed with a 12.2% share. Rounding out the top ten were Hyundai, Toyota, MG, BYD, Mitsubishi, Kia, and Ranualt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The figures don\u2019t quite tell the whole story: <\/strong>AMIC figures reflect data contributed by member distributors, who include most, but not all, industry participants.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The total sales volume for the entire year grew 13.2% y-o-y<\/p>\n","protected":false},"author":1,"featured_media":660107,"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-660106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-automotive","tag-amic","tag-automotive","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"3580a46d-eef6-4636-bb4e-777fffa0cbcc","order":"10","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/2\/550.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Auto sales record highest figure in over two years in December","related_issue":[660089],"teaser":"The total sales volume for the entire year grew 13.2% y-o-y","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/2\/.d94b44fa-20d7-4662-9fbd-2bb49d190ed6.mp3"},"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>Auto sales record highest figure in over two years in December - 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\/2025\/02\/06\/auto-sales-record-highest-figure-in-over-two-years-in-december\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Auto sales record highest figure in over two 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