Therefore, the newspaper agreed with a number of car agents and dealers to offer discounts to consumers in March. A car distributor told Daily News Egypt that these price cuts are temporary, and the car agents will develop new pricing lists in the next month. Car sales declined to 198,300 in 2016 compared to 278,400 in 2015, a decrease of 28.8%. He added that the car sales are expected to decline by 25-30% by the end of this year. It means that they technically need to increase car prices by the same percentage, according to the cost.

Source: Daily News Egypt March 21, 2017 07:30 UTC