Egypt’s passenger car sales increase by 15% in September 2023

CAIRO - 2 November 2023: Passenger car sales in Egypt increased by 15 percent in September 2023 to reach 7,887 vehicles compared to 6,835 vehicles in September 2022, The Automotive Market Information Council (AMIC) reported.

The AMIC report also showed that during the first nine months of 2023, auto car sales declined by about 61 percent to almost 45 thousand cars, compared to 117 thousand cars in the first nine months of last year.

Bus sales saw significant growth, rising about 39 percent to 689 units, while truck sales slightly declined by almost 1 percent.

Earlier in September, The Egyptian Cabinet issued a draft law to relaunch the zero-customs car import initiative for expats for three months. The initiative allows expats to import one personal-use vehicle to Egypt without customs duties or taxes, raised almost $900 million to Egypt.

In August, Central Agency for Public Mobilization and Statistics (CAPMAS) reported that the value of passenger vehicles imported to Egypt witnessed a 124 percent year on year increase to record $209.8 million.