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Passenger cars achieve EGP 18bn in sales in first 7 months of 2016 - Daily News Egypt

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Passenger cars achieve EGP 18bn in sales in first 7 months of 2016

The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn. Korean brands maintained the top spots of the sales market, with the brands achieving sales of 28,300 units worth EGP 5.04bn between January and July, despite the 17.3% decline in sales …


The automotive market struggled to move 84,400 passenger car units during the first seven months of 2016, with a total value of EGP 18bn.

Korean brands maintained the top spots of the sales market, with the brands achieving sales of 28,300 units worth EGP 5.04bn between January and July, despite the 17.3% decline in sales compared to 2015.

Japanese brands achieved sales of 24,100 units worth EGP 5.73bn during that period, a 24.3% decline in sales.

European brands sold 14,500 units worth EGP 3.94bn, which is a decline of 44% year-on-year (y-o-y). American brands registered the fourth highest sales by selling 11,400 units over seven months worth a total of EGP 2.55bn, with a sales decline of 19.9% y-o-y.

Chinese models came in fifth place with sales of 6,000 units worth a total of EGP 635m—a sales decline of 39.6%. At the bottom of the list were other Asian brands, of which the Malaysian brand Proton sold 158 cars worth EGP 25.2m, after stopping to declare its sales to the Automotive Marketing Information Council (AMIC).

The automotive market had sold 70,800 units of passenger cars during the first half (H1) of 2016, with a total value of EGP 14.8bn.

Korean brands maintained the top spots of the sales market, and the brands achieved sales of 23,100 units worth EGP 4.1bn between January and June, despite the 18.7% decline in sales as compared to 2015.

Japanese brands achieved sales of 20,500 units worth EGP 4.78bn, a 25.9% decline in sales, while the European brands sold 12,500 units worth EGP 3.3bn, which is a decline of 39.6% y-o-y.

American brands occupied fourth place by selling 9,400 units over six months worth a total of EGP 1.98bn, a sales decline of 23.2%.

Chinese models came in fifth place with sales of 5,000 units worth EGP 616m, and a sales decline of 41.5%. Other Asian brands came near the bottom of the list; the Malaysian brand Proton sold 158 cars worth EGP 25.2m, a 67.1% decline in sales.

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https://wwww.dailynewssegypt.com/2016/10/04/555242/
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