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This comes despite auto market sales in Q2 of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter, amounting to 37,400 units.
02.08.20 | Interesting article at Daily News Egypt

Egypt’s automotive market showed signs of recovery in June as the total automotive sales rose 18.4% year-on-year (y-o-y) and 35.4% month-on-month (m-o-m), amounting to 16,430 units.


The surge implies a speedier recovery following the economic hit to the sector due to the novel coronavirus (COVID-19) pandemic during March and April. Passenger car sales were up 10.4% y-o-y, and 38.6% m-o-m, amounting to 11,200 units in June 2020.


This comes despite auto sales in the second quarter (Q2) of 2020 reportedly being declining 3.8% y-o-y, and 35.3% quarter-on-quarter (q-o-q), amounting to 37,400 units.