Buses sales upturn 48% in July

CAIRO – 4 September 2018: Sales of buses jumped 47.7 percent in July 2018 on a year-on-year basis, according to the Automotive Market Information Council (AMIC).

AMIC added in a report that around 1,756 buses were sold in July 2018, compared to 1,195 buses in July 2017.

The report stated that sales of locally assembled buses slipped to 3,725 buses during the first seven months of 2018, compared to 3,803 buses in the same months of 2017.

Meanwhile, exported buses recorded an increase in their sales, by 35.7 percent, selling 4,845 units up from 3,750 units in the same months of 2017.

Sales of locally assembled cars marked an increase of 25.8 percent during the first seven months of 2018, compared to the same months of 2017, selling 48,219 vehicles in the first seven months of 2018, compared to 38,335 vehicles in the same period of 2017.

Exported cars recorded an increase in their sales, as well, by 53.1 percent, selling 48,162 units up from 31,450 units in the same months of 2017.

AMIC said that sales of the automotive market increased 26.8 percent in July 2018 on a year-on-year basis.

It added that around 19,907 cars were sold in last July compared to 13,337 cars in July 2017.

In June, sales of automotive market hiked 54.1 percent on YoY basis, selling 15,526 units compared to 10,770 units in June 2017.