Car-Dealers News
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Egypt automotive market faces accusations
Experts blame the continuation of the dollar crisis, high prices, and increased waiting lists to receive cars.
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Egypt- El-Wahab, Al-Manar contract to supply brake linings in exchange for engine oils
El-Wahab Group for Manufacturing & Assembling Cars has signed a cooperation protocol with Al-Manar for Manufacturing Car Fluids (AMCF).
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Global 4WD Tractor Industry 2015 Market Research Report
Reportbazzar has included a new report titled “Global 4WD Tractor Industry 2015 Market Research Report” to their offerings.
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FEI presents proposal for automotive industry strategy’s principles
Transportation division forms committee with Industrial Development Authority to place implementation mechanisms for the strategy.
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Car sales decline in May
Overall car sales in first five months of 2015 increase compared to last year.This decline is the second this year, after sales in April.
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4.9% increase in YTD automotive market: AMIC
Chevrolet, Hyundai and Toyota remain the market leaders in May 2015.
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Automotive market parties establish Egyptian Automotive Council
No one can deny market is divided, council is chance to reunite, says El-Tobgy.
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Dollar exchange rate forces increased automotive prices
Sector workers cannot keep up with increase in taxes and customs.
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Egypt's GB Auto considers $1.5 bln of investments
Raouf Ghabbour also predicted revenue of about $1.7 billion in 2014 and was upbeat about investing in Egypt because of what he called a "stable political situation".
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Recession hits Egypt's used car market amid price hikes
The current recession in used car market is related to short of cash after the canal's investment certificates got the lion's share of liquidity.