Geely leads Chinese carmakers’ decline in sales
New indicative prices behind crisis, says Saad
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Car companies struggle to stabilise prices after fuel price changes
The car market has received the decision to increase fuel prices with a stabilisation of the delivery prices of the current month, ignoring the projections on social media of the upcoming period and a possible increase in prices. Some of the companies that have kept their prices fixed are Mercedes-Benz, Opel, Chevrolet, BMW, Toyota, Renault, …
Eight companies lead higher prices of June deliveries
The car market witnessed a noticeable increase in prices in early June, an average of about EGP 15,500. The surprise is that the car with the highest price increase is the locally-assembled Hyundai Verna. Some of the most prominent brands with changed prices are Hyundai, Nissan, Chery, Renault, Geely, Mitsubishi, Chevrolet, and Opel. The car …
Car companies welcome 2018 with price halts
Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …
China carmaker Geely secures stakes in Proton and Lotus
Emgrand 7 price declines to EGP 158,000
Geely reduced the price of its Emgrand 7 by about EGP 22,000, registering at EGP 158,000. The Chinese brand had increased the price of its first class Emgrand 7 model by EGP 8,000 to reach EGP 180,000 last month.
Shell renews engine oils partnership for Ghabbour Auto cars
Shell Lubricants Egypt and GB Ghabbour Auto announced the renewal of their partnership, which stipulates Shell being the major and sole supplier of engine oils in the after-sales service centres of all brands affiliated to Ghabbour Auto, including Hyundai, Chery, Mazda, Geely, and Volvo and Mitsubishi for heavy transport. Chairperson of the board of directors …
Soaring car prices to continue throughout November
Ongoing dollar shortage and high exchange rates driving factors in price hikes
Chery and Geely acquire 97% of Chinese-origin sales
Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold. The competition was limited to two brands, Geely and Chery, six months following Chery’s entry …
Ghabbour rules out possibility of acquiring more dealerships in current period
GB Auto owns the dealerships of Hyundai, Mazda, Geely, Chery, and Karry
GB Auto acquires 96% of Chinese-made car sales
Ghabbour Auto was able to acquire 96% of the Chinese car market in Egypt. Its two main brands, Chery and Geely, recorded sales of 5,777 units over the first seven months of 2016. The entire Chinese car market in Egypt achieved sales of 6,013 units over that same period, though the competition was limited between …
Low supplies cause car prices to rise in September
Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …
Automotive companies advertise their models, services in the North Coast
While people flock to the coastal cities to take advantage of the summer months, automotive companies are also looking to take advantage of the summer season to promote their cars and after-sales services. Daily News Egypt is taking a look at the direction automotive companies are moving in, including Kia, Toyota, BMW, Renault, and Nissan. …
Car prices continue their journey towards record highs
A new wave of price hikes took place in July for 153 car models from different brands amid anticipation by analysts that the Egyptian pound would be further devaluated by the Central Bank of Egypt. The increase included the German carmakers Opel and BMW, Korea’s Hyundai and Kia, the American Chevrolet, the French brands Renault …
Chery takes first steps with GB Auto by raising its prices
Geely decided to raise the price of Emgrand by EGP 9,000, and Pandino and Pandino X by EGP 3,000 each. Chery, and its agent in Egypt GB Auto, raised the price of Envy by EGP 7,000 and Tiggo by EGP 9,000. Brilliance and MG kept their prices unchanged from May through June. A previous tour …
Geely widely outpaces other Chinese models with sale of Emgrand 7
Geely sold 997 Emgrand 7 models for a value of EGP 92.7m
Sales of Chinese vehicles amount to EGP 1bn
Geely Emgrand 7 ranks first, followed by Tiggo
GB Auto aims to sell 6,000 Geely cars during H2 of 2015
Plans to receive 4,000 Mazda cars instead of 3,000 cars in 2016 to meet the growing needs