Egypt’s auto sales drop 68% YoY in 7 months

Reuters

Sales of trucks were down by 71% YoY, registering 6,791 units from 23,201 units.

Staff Writer, Arab Finance

August 31, 2023

PHOTO

Egypt’s auto sales fell 68% year on year (YoY) in the first seven months of 2023 to 43,140 vehicles from 135,860 vehicles, Al Mal News reported, citing the Automotive Market Information Council (AMIC).

Sales of passenger cars saw a 69% YoY drop to 31,801 units during the seven-month period from 101,514 units, while sales of buses went down 56% YoY to 4,548 units from 10,317 units.

Meanwhile, sales of trucks were down by 71% YoY, registering 6,791 units from 23,201 units.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO