Bus and truck sales’ strong performance resulted in total vehicle sales to rise 2.1% YoY to around 26,700 units in November
Passenger car sales in Egypt declined by 3.9% year-on-year (YoY) according to data from the Automotive Information Council (AMIC), with sales reaching around 19,700 units in November 2021, just under November 2020’s 20,500 cars, and slightly higher than October’s 19,300.
AMIC revealed that bus sales climbed by 45.4% YoY to above 3,000 units last November, up by 24.6% compared to October, and up by 45.4% YoY. Truck sales hiked 11.5% YoY to 3,900.
Bus and truck sales’ strong performance resulted in total vehicle sales to rise 2.1% YoY to around 26,700 units in November.
The pandemic dealt a significant blow to the automotive industry through a decline in production and supply of chips and semiconductors against a backdrop of heightened demand, while the global supply chain crisis and shortage of container ships contribute to an already complicated situation.
Read more about the global chip crisis > The Domino Effect: Global Chip Shortage Crisis Hits the Egyptian Market
Local firms’ shipping costs for chips and all other car components increased around 500% YtD on the back of the global container shortage, Khaled Saad, the head of the Egyptian Association of Automobile Manufacturers and the managing director of the Brilliance Bavarian Company, told Enterprise in December.