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Car companies struggle to stabilise prices after fuel price changes

The car market has received the decision to increase fuel prices with a stabilisation of the delivery prices of the current month, ignoring the projections on social media of the upcoming period and a possible increase in prices. Some of the companies that have kept their prices fixed are Mercedes-Benz, Opel, Chevrolet, BMW, Toyota, Renault, …

Ahmed Amer

Eight companies lead higher prices of June deliveries

The car market witnessed a noticeable increase in prices in early June, an average of about EGP 15,500. The surprise is that the car with the highest price increase is the locally-assembled Hyundai Verna. Some of the most prominent brands with changed prices are Hyundai, Nissan, Chery, Renault, Geely, Mitsubishi, Chevrolet, and Opel. The car …

Ahmed Amer

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

For first time in Egypt, Chevrolet introduces all-new Equinox

Mansour Group recently launched the latest Chevrolet sports model, the Equinox, for the first time in Egypt. The new car is characterised by a design that balances the requirements of daily life and all the needs and tastes of drivers, coming in two categories, the LS and LT. Although this is the first launch for …

Daily News Egypt

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

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

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

Automotive market starts 2017 with price increases across 131 models

The new year for the automotive industry has begun with price increases across 131 models from every famous brand in the automotive market. This rise in prices came amid new estimates set by car companies on the cost of imported cars and their components in US dollars after the Central Bank of Egypt’s (CBE) decision …

Ahmed Amer

Aveo leads Chevrolet’s top sales with 2,757 units

Chevrolet has topped sales of US-origin personal cars in Egypt, with its models occupying the first four ranks in the first nine months of 2016. The brand has achieved sales of more than 10,000 cars, representing 75.3% of 14,400 total US car sales in that period. The Chevrolet Aveo topped the list of best-selling US …

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

Lanos

Chevrolet acquires 76.4% of US cars sold in Egypt over 7 months

Chevrolet dominated the top five places on the list for the most US-manufactured cars sold in Egypt over the first seven months of 2016. The carmaker sold 8,701 units, acquiring 76.4% of the US market that totalled sales of 11,400 cars. Lanos returned to the competition, recording sales of 2,041 units worth EGP 213. Aveo …

Daily News Egypt

Sales shrink due to pricing difficulties

Several car dealerships kept their prices unchanged from July to August, despite the turmoil that hit the automotive market when the US dollar exchange rate rose above EGP 13. Other companies chose to temporarily raise their prices. Distributors and traders also raised the prices to counter the increasing cost of imports. Chairperson of El-Saba Automotive …

Ahmed Amer

Car prices continue their journey towards record highs

A new wave of price hikes took place in July for 153 car models from different brands amid anticipation by analysts that the Egyptian pound would be further devaluated by the Central Bank of Egypt. The increase included the German carmakers Opel and BMW, Korea’s Hyundai and Kia, the American Chevrolet, the French brands Renault …

Ahmed Amer

Chevrolet tops sales of US markets

The top four spots in the US market sales during the first quarter were occupied by Chevrolet, with the new Optra ranking first on the list by selling 1,200 vehicles worth EGP 171,600m

Ahmed Amer

Lanos, Aveo lead Chevrolet’s retreat

The sales of Cruze jumped to 947 units, ranking second with a growth of 236%, followed by Lanos which recorded sales of 535 units within three months, resulting in a 77% decline, compared to 2,320 cars sold during Q1 2015

Daily News Egypt