Egypts auto market grows 49% in January: AMIC

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ArabFinance: Car sales in Egypt registered an annual increase of 49% to total 20,713 vehicles in January, Al Mal News cited an Automotive Manufacturing Information Council (AMIC) report on February 28^th.

The market witnessed the sale of 13,873 cars in January 2020.

About 14,900 passenger cars were sold last month, marking a 71% leap compared with 8,700 in January last year.

Truck sales increased by 50% Year on Year to 3,700 units in January this year from 2,500.

A total of 1,900 buses were sold last month, lower by 23% from 2,500 vehicles in January 2020.

In November 2020, more than 20,500 passenger cars were sold. This underpinned the recovery from the COVID-19 crisis as the volume came 67% Year on Year higher than 12,300.

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