Automotive industry sales increased by 32% in December 2023: AMIC

CAIRO - 6 February 2024: Egypt's automotive industry sales increased by almost 32% during December 2023, according to a recent report published by the Automotive Marketing Information Council (AMIC).

 

The report highlighted that sales of various types of vehicles, including private cars, buses, and trucks reached a total of 10,415 vehicles. This marked the highest sales level achieved in the country throughout the year.

 

AMIC's report revealed that the overall car sales in Egypt experienced a significant decline of approximately 48 percent in 2023. The total number of cars sold during the year amounted to 69,175, a considerable drop from the 133,857 units sold in 2022. 

 

The AMIC report highlighted that the sales of private cars in December 2023 reached 8,372 units, reflecting a substantial increase of 52 percent compared to the 5,524 units sold in the same month of the previous year. 

 

Furthermore, the report indicated that the sales of transportation vehicles, including taxis and ride-sharing services, experienced a notable growth of 22 percent in December 2023. The total number of transportation vehicles sold during the month stood at 1,255, compared to 1,027 units sold in December 2022.

 

However, the report also revealed a decline in the sales of buses during the same period. Bus sales decreased to 788 units in December 2023, marking a 42 percent decrease from the 1,355 units sold in December 2022.