Ahmed Dawoud

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Page 44

EGP 10,000 discount on Nissan Sentra

Nissan adjusted its models’ prices and reduced the price of the New Sunny by EGP 5,000, so the starting price is now EGP 188,000 for the class A. Nissan also applied discounts to the price of the Nissan Sentra by EGP 10,000, to register EGP 255,000 for the class A, while the price of the …

Ahmed Dawoud

Page 42

Kia cuts prices of all models except Carens and Carnival

A state of volatility in the prices of Kia models began at the end of March. The company offered a discount of up to EGP 50,000 at the beginning of the month, before raising the prices again at the end of it. Yet, in April, the carmaker decreased the prices of all its models, except …

Ahmed Dawoud

Page 43

Ford keeps its prices unchanged

Ford decided to keep its prices unchanged, maintaining the same rates of February and March throughout April, with a slight increase in the price of the Ecosport, which saw an increase of EGP 4,000 to reach EGP 358,000. Ford had raised its prices three months ago. The price of the Fusion was raised by EGP …

Ahmed Dawoud

Page 4

Hyundai prices go up again, other carmakers offer discounts

Hyundai decided to raise its prices again, following a period of discounts that lasted throughout last month and the first week of April. The carmaker suffered a sales drop in February, marking only 159 units compared to 3,439 units sold in February 2016. Car dealerships and distributors have started offering discounts as their sales have …

Ahmed Dawoud

Page 41

Aveo prices start at EGP 173,600, Lanos at EGP 150,200

Chevrolet decided to lower its prices, where the carmaker decreased the price of the Aveo by EGP 10,000, to settle between EGP 173,600 and EGP 182,700. As for the Optra, the prices were lowered by EGP 13,000, to begin at EGP 209,000. The price tag on the Lanos was lowered by EGP 5,000, to start …

Ahmed Dawoud

Page 46

Emgrand 7 price declines to EGP 158,000

Geely reduced the price of its Emgrand 7 by about EGP 22,000, registering at EGP 158,000. The Chinese brand had increased the price of its first class Emgrand 7 model by EGP 8,000 to reach EGP 180,000 last month.

Ahmed Dawoud

Khaled Saad, the general manager of Brilliance Bavarian Auto in Egypt

Summit discusses sector’s problems with transparency, we are waiting for government to activate recommendations: Brilliance Bavarian Auto general manager

To mark the start of the third annual Egypt Automotive Summit, Daily News Egypt interviewed Khaled Saad, the general manager of Brilliance Bavarian Auto in Egypt, in order to better understand his vision for the summit and the points that it should discuss this year. What do you think of the third Egypt Automotive Summit? …

Ahmed Dawoud


Egyptian Automotive Dealers Association halts imports for November

The Egyptian Automotive Dealers Association held a meeting for leading car importers in which the association announced it would halt the import of cars during November in support of Egypt’s economy. The association met recently, prior to the Central Bank of Egypt’s (CBE) decision to liberate the exchange rate of the Egyptian pound against the …

Ahmed Dawoud

egyptian pound

Automotive sector at risk of drowning following pound’s flotation: EAMA

The future of Egypt’s automotive industry is now at the mercy of the national currency’s flotation and is subject to importers’ provision of foreign currency, Hassan Soliman, head of the Egyptian Automobile Manufacturers Association (EAMA), said following the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound. Soliman explained that the auto industry …

Ahmed Dawoud


Flotation supports economy, but unfavourable for auto sector: Egyptian Automotive Dealers Association chairperson

Osama Aboul Maged, the chairperson of the Egyptian Automotive Dealers Association, praised the Central Bank of Egypt’s decision to liberalise the exchange on Thursday, setting its value based on supply and demand mechanisms. He said the CBE’s decision will support Egypt’s economy following its successive crises due to the wide gap between the US dollar …

Ahmed Dawoud