GB Auto raises cars’ prices under obsolete vehicles replacement initiative

GB Auto raises cars’ prices under obsolete vehicles replacement initiative

ArabFinance : GB Auto (AUTO) has raised the prices of three models by EGP 7,100 to EGP 20,000 under the obsolete vehicles replacement initiative, the initiative’s spokesperson Ahmed Abdel Razeq told Al Borsa Newspaper. These models are namely Hyundai Elantra HD, Hyundai Accent RB, and Chery Tiggo 3, Abdel Razeq pointed out. This came after GB Auto has submitted a request to the Ministry of Finance seeking to raise the prices of its cars due to higher prices of production components and higher shipping costs over the past period, he said. var width=document.documentElement.clientWidth;if(width>=320&&width<728){}; googletag.cmd.push(function(){try{var d=document.documentElement.clientWidth;var a;var c="/21857811890/en.zcom/";var b;if(d>=320&&d<728){a=[300,250];b=["mobile_mr_story"]}else{a=[300,250];b=["MR_Story"]}var h="MR_Story";var g=googletag.defineSlot("/21857811890/en.zcom/",a,"div-gpt-ad-MR_Story").setTargeting("type",b).addService(googletag.pubads());gptAdSlots.push(g);if(h!="MR_Story"){googletag.pubads().collapseEmptyDivs(true,true)}googletag.pubads().enableSingleRequest();googletag.enableServices();if((h=="PSB_Left")||(h=="mobile_psb_left")||(h=="PSB_Top")||(h=="mobile_psb_top")||(h=="PSB_Bottom")||(h=="mobile_psb_bottom")||(h=="PSB_Middle")||(h=="mobile_psb_middle")||(h=="leaderboard_home")||(h=="leaderboard_bottom_home")||(h=="mobile_leaderboard_home")||(h=="mobile_leaderboard_bottom_home")){setInterval(function(){googletag.pubads().refresh([g])},240000)}}catch(f){console.log("Error loading Ad banner "+h)}}); try{googletag.cmd.push(function(){googletag.display("div-gpt-ad-MR_Story")})}catch(e){console.log("Error displaying Ad banner "+bannerName)}; The request has been reviewed and accordingly the prices have been raised and updated on the initiative’s website, he added. The prices of Hyundai Elantra HD’s first category AT GL recorded EGP 239,250, while the prices of the second category AT SR recorded EGP 246,250 and the third category AT DAB ABS reached EGP 259,250, with the fourth category AT Highline’s price rising to EGP 263,250. Moreover, the price of the first category AT GL of Hyundai Accent RB rose to EGP 214,250, and the second category AT SR’s price hit