The passenger car market saw sales of 110,200 cars over the course of the first nine months of 2016 with the value totalling EGP 25.4bn. Japanese passenger car sales reached 31,000 in the same period, amounting to EGP 8.5bn in sales despite a 24% y-o-y decline. In all 18,200 European passenger cars were sold at a market value of EGP 5.3bn, registering a sales decline of 49.8% y-o-y. The Malaysian automotive company Proton sold 158 cars in Egypt during the same period, with a total value of EGP 25.2m. The automotive market struggled to move 84,400 passenger cars during the first seven months of 2016, with a total value of EGP 18bn.

Source: Daily News Egypt November 22, 2016 06:10 UTC