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Automotive Industry

Auto sales continue 3-month decline, passenger cars down 22% YoY | AMIC

The fall in sales comes against the continued economic challenges and import restrictions

Passenger car imports fall by 19.1% in Q1 2022 | CAPMAS

Egyptian imports of other vehicles were valued at $362 million, with imports of parts recorded at around $680 million

Up to 8 int. auto brands could be redirecting car exports away from Egypt

This comes on the back of a recent Consumer Protection Agency directive to dealers to provide full refunds of down payments with 18% interest

Egyptian used-car marketplace Sylndr closes $12.6M pre-seed round

"We aim to become the most trusted used cars retailer in the region," said CEO Omar El Defrawy

MG sees 56% Y-o-Y increase in car sales in 2021

Al-Mansour Automotive announced its comprehensive plan for its marketing, sales, and after-sales strategies for the renowned MG brand in Egypt, coming fresh off its recent success