Cars worth more than EGP 2m registered more sales than middle-class cars worth around EGP 150,000. Domestic car sales declined by 37.7% to record sales of 8,061 vehicles compared to 11,600 vehicles in 2016. Sales of imported passenger cars dropped by 43.1% to 11,643 vehicles compared to 20,446 vehicles in 2016. Sales of trucks dropped by 60% to record sales of 3,888 trucks compared to 9,735 trucks, while total sales of trucks for the same period dropped by 46.5% to 26,500 trucks sold compared to 49,800 trucks. Sales of imported cars declined by 47% to record 13,400 units compared to 25,400 units.

Source: Daily News Egypt May 23, 2017 06:00 UTC