Compared to 2020’s projected 50,900 units sold during the same period, 2021 saw sales of around 81,900 units
The automotive industry is gaining steam once more as private car sales in Egypt saw a 61% growth in the first 5 months of 2021, according to the Automotive Market Information Council (AMIC).
Compared to 2020’s projected 50,900 units sold during the same period, 2021 saw sales of around 81,900 units.
Total auto sales recorded a growth of 51.7%, reaching 112,204 vehicles during the 5 month period, recording a volume of 112,204 vehicles over all, compared to about 73,966 units during the corresponding period of 2020.
Locally assembled car sales volumes climbed by 56.9%, reaching 21,663 cars, compared to 13,804 cars in 2020, while imported cars sales increased by 62.4% to record at 60,329 cars.
Sales of trucks also increased, up by 64% to reach 20,200 between January to May 2021, compared to 12,500 trucks in 2020’s first 5 months.
On the other hand, bus sales decreased by 7.8% to 9,600 units, compared to 10,400 units in 2021.
Chevrolet was at the top of the list in terms of sales of locally assembled cars during the first 5 months of 2021, increasing its market share by 18.9%, with Nissan and Toyota hot on its heels.
Nissan closed the first 5 months with a market share of 10.1% and selling 11,300 vehicles, while Toyota logged 9.9% of the market and 11,096 vehicles in sales.
Coming in 4th place, Hyundai was able to grab 9.7% of the market, selling 10,800 vehicles, followed by MG in fifth place with a share of 8.3% with a total sale of 9,200 units.