Sales of automotive market rise 52% in September

CAIRO - 7 November 2018: Sales of automotive market hiked 52.1 percent during September 2018, recording 18,804 units, compared to 12,361 units in the same month of 2017.

The Automotive Market Information Council (AMIC) said that sales of cars rose 52 percent, selling 14,608 cars, compared to 9,615 cars in September 2017.

Regarding buses, AMIC clarified that the sales increased 33.3 percent to 1,285 buses, compared to 964 buses in September 2017.

Moreover, sales of trucks reached 2,911 trucks during September 2018, compared to 1,782 trucks during the same month of 2017, with an increase of 63.4 percent.

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.

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.
Sales of locally assembled cars reached 48,219 vehicles in the first seven months of 2018, compared to 38,335 vehicles in the same period of 2017.

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

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

In the same context, former Head of the Automobile Manufacturers Association Hassan Mostafa said the Egyptian automotive market will maintain the growth rates achieved during the first half of 2018.

Sales of the Egyptian car market hiked by around 40 percent in the first half of the current year, compared to the same half of 2017.

Mostafa added that the Egyptian market still has the capacity to absorb more growth in sales, because a large proportion of Egyptians have not yet owned cars.