Egypt car market reversed course after prices plunged, supply rebounded

The notorious “overpriced” premiums have nearly vanished, and industry players are betting big on local manufacturing.

Experts say the trend is not a passing phase but the start of a structural realignment that could reshape the market through 2026.

For Egyptian consumers long burdened by inflated vehicle prices and limited options, the tide appears to be turning.

According to leading industry figures, car prices in Egypt have dropped significantly since early 2025, with expectations of continued declines driven by currency stabilization, increased imports, stronger domestic production, and strategic policy interventions.

“Between 15 and 18 brands have lowered their prices, some by as much as 20 percent. This includes major players like Citroën, which slashed prices by over 10 percent, and SsangYong, which cut prices by nearly 23 percent,” Osama Abu El-Magd, head of the Egyptian Automotive Dealers Association, told Ahram Online.

This downward trajectory coincides with a surge in investment from automotive companies.