PHOTO
New vehicles kept in a storage parking lot in Cairo, Egypt, March 7, 2019. Picture taken March 7, 2019. REUTERS/Mohamed Abd El Ghany
Automotive sales in Egypt rose by around 18.4% year on year (YoY) in the first four months of 2024 to nearly 23,500 vehicles, compared to over 23,100 vehicles, Al Borsa News reported, citing a report from the Automotive Market Information Council (AMIC).
Passenger car sales surged by 11% in the January-April period, hitting 17,900 cars, versus 16,100 cars in the same period of 2023.
On the other hand, sales of trucks dropped by 16% YoY to 3,600 units, while sales of buses saw a 28.7% YoY decrease, reaching 1,800 units.
In the January-April period, the Nissan brand topped the local market sales with a market share of 15.9% after the sale of 3,700 vehicles.
Toyota came in second place with a market share of 14.6% after 3,400 vehicles were sold during the four-month period, followed by Chevrolet with 3,200 vehicles sold and a market share of 13.9%.
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