Automotive market continues to recover, reports modest growth in March

Egypt’s automotive market maintained its upward trajectory in March, with total vehicle sales reaching 10,800 units, according to data from the Automotive Marketing Information Council (AMIC).

This marks a modest increase from February’s 10,600 units and signals a continuation of the sector’s recovery that began after a steep January decline.

The uptick in March comes after the market saw a 22 percent slump in January, highlighting an ongoing rebound. The passenger car segment led the monthly growth with 8,400 units sold — a 2.6 percent rise compared to February. Bus sales surged 11.4 percent month-on-month to 686 units, while truck sales dipped by 5.2 percent, totaling 1,700 units.

Year-on-year data paints an even more optimistic picture: total auto sales in March 2025 surged 156.5 percent compared to the same month last year, when just 4,200 units were sold. Passenger vehicle sales alone jumped 203.9 percent year-on-year, while buses and trucks posted annual increases of 31.4 percent and 85.7 percent, respectively.

The latest figures underscore the sector’s ongoing rebound following a challenging period marked by foreign currency shortages that disrupted supply chains and pushed prices higher.

In 2024, the market began showing signs of recovery, registering a 13.2 percent year-on-year increase with 102,200 vehicles sold over the course of the year.