The global car crisis after the lack of electronic chips threatens the volume of production and consequently the prices of cars and spare parts, for example, Toyota announced a 40% production reduction last September. Experts in the car market confirmed that the rise in car prices during the coming period is almost certain, ranging between 5% and 10%.
Gartner Research estimated the value of expected losses in the automotive sector until the second quarter of next year at about $61bb, as a result of the shortage of chips and the consequent rise in car prices and the discontinuation of manufacturing up to one million cars this year alone.
Friendycar platform offers a solution to this crisis, as it enables customers to share their cars with ease and safety, in addition to setting the price and the rental period. It makes car owners completely in control of their cars.
What if you want to buy a car? Friendycar provides a fully electronic service, which started in the United Arab Emirates in 2017 and Egypt in 2019, which reduces costs of maintenance and insurance.
Friendycar offers competitive prices for long-term car rental programmes in Egypt (starting from 3 months), where the Friendycar team is responsible for collecting all suitable options for the renter, in addition to a comprehensive insurance, which includes periodic maintenance and spare parts are expensive.
Car rental service through Friendycar is available on mobile app or website. There are more than 1,000 cars available in different categories and models.