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Relative movement in car prices in early August

The car market has witnessed relative movements in prices of cars in early August, as the increases ranged between EGP 1,000 to EGP 45,000. GB Auto, the agent of Chery, Hyundai, and Geely, increased the prices of some of its models by EGP 1,000. BMW saw the greatest increase, by EGP 45,000 on its 340I …

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

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

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

Car prices set records a month after flotation

Price increases swept across the automotive industry in November, with 162 models across various brands experiencing record price hikes. Automotive companies decided to raise prices in response to the increased cost of importing vehicles and their components after the Central Bank of Egypt decided to float the Egyptian pound, more than doubling the value of …

Ahmed Amer

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

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