Latest in Tag: BMW Highlight

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Latest in Tag: BMW


8 car brands lead price rises in April

The local automotive market witnessed a change in most car prices in April. The price moves included a number of models such as from Opel, Hyundai, Chevrolet, Mercedes-Benz and Ford. The price increases ranged between EGP 1,000, such as Chevrolet Aveo and EGP 40,000, like Mercedes C180. In March, the agents of Chevrolet, Hyundai, and …

Ahmed Amer

Limited changes in car prices during March

A quiet state of calm prevailed over most car prices in March. The price moves were limited to a few models of Chevrolet, Hyundai, and Mitsubishi, ranging between a EGP 500 increase for the Verna to EGP 20,000 for the Lancer. Chevrolet, Renault, Ford, Toyota, Chery, Hyundai, and BMW had already moved their prices in …

Ahmed Amer

6 car dealers change their prices in February

Six car dealers—Chevrolet, Ford, Toyota, Chery, Hyundai, and BMW—changed their prices of February 2018 car deliveries. Prices rose by EGP 2,000 for cars like the Hyundai Verna and by about EGP 90,000 for cars such as the BMW X1. The majority of car companies welcomed 2018 by fixing their prices, with the exception of minor …

Ahmed Amer

Car companies welcome 2018 with price halts

Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …

Ahmed Amer

Historic leaps in car prices one year after flotation

The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …

Ahmed Amer

Automotive companies fix prices after Automech Formula 2017 concludes

A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …

Ahmed Amer

Car prices continue climbing in August

July ended, and August began, but the expectations of distributors and dealers in the auto market remained mere inc as no prices have gone down as predicted. Even worse, several companies raised their prices in late July and August by over 8% compared to the beginning of July. Among the companies that raised prices are …

Ahmed Amer

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

Automotive market fails to control prices of 165 car models in October

A new wave of price increases for 165 car models from different brands continued through in October, registering record highs as a result of price increases that companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes included the German brands Opel and BMW, the …

Ahmed Amer

BMW’s new e-car strategy

Amid stagnating sales of its battery-powered, lightweight ‘i’ models, BMW has had to admit its strategy for dominating the electric car market isn’t working. To change that, it plans to take a page from Tesla’s book.

Deutsche Welle

Low supplies cause car prices to rise in September

Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …

Ahmed Amer

Automotive companies advertise their models, services in the North Coast

While people flock to the coastal cities to take advantage of the summer months, automotive companies are also looking to take advantage of the summer season to promote their cars and after-sales services. Daily News Egypt is taking a look at the direction automotive companies are moving in, including Kia, Toyota, BMW, Renault, and Nissan. …

Ahmed Amer

BMW teams up with Intel, Mobileye

German carmaker BMW has announced that it’s entered into a technology alliance with chipmaker Intel and computer vision specialist Mobileye. The move is meant to support the firm’s focus on self-driving vehicles.

Deutsche Welle

Car prices continue to climb in June

The automotive market has witnessed dramatic prices increase in recent months, driven by the shortage of hard currency required for importing and the high exchange rate on the informal market.

Ahmed Amer