Egypt’s car sales up 10% in January; European brands denominate market – ZAWYA

Egypt’s car sales up 10% in January; European brands denominate market – ZAWYA

Egypt's car sales increased to 13,873 units in January 2020, compared to 11,467 units in January 2019, a growth of 20.98%, according to the Automotive Market Information Council (AMIC).. Sales of passenger car increased by 10% to 8,747 units in January 2020, compared to 7,947 units in comparison with the same period year before.. Imported cars continued to account for the majority of sales in the local market, amounting to 7,237 units, up from 5,909 units, a 22.5% year-over-year increase.. Citroen tailed the list by 201 units and a market share of 1%.. Sales of imported passenger cars increased by 13.6% to 5,765 units in January 2020, compared to 5,074 units in January 2019, while the sales of locally assembled cars increased by 3.8% to 2,982 units, compared to 2,873 units.. Zeitoun ruled out new price cuts in the coming period, especially with the slight rise in the value of the US dollar last week, stressing that with the continued rise in the value of the dollar, car prices will rise ..