Egypt: Car Market August 2012 update. Hyundai shines

During the first 8 months of the 2012, the car market in Egypt is steady growing with year-to-date August sales at 123.185, up 10.9% from last year. In August car sold were 17.458, up 6.4%. Hyundai led the market ahead of Chevrolet.

Egypt renaissance will require time after the relatively pacific revolution of 2011 Arab spring and the country is searching a new social and economic stability, negotiating with international institutions for financial supports.

The car market last year dropped at 176.000 units, down 29.7% from previous year and in the 2012 the recovery had been slow. Full year 2012 is projected by focus2move.com at 193.000, up 9.4%.

Hyundai was the market leader with 29.234 sales year-to-date August and a share of 23.7%, down 0.6 points of share from last year. In August, with 4.253 sales, Hyundai share was 24.4%. Hyundai holds the best-selling model, the Verna and the third model, the Elantra.

Chevrolet was second, with 27.080 units and a share of 22.0% (in August 23.3%), up 0.3 points from last year. Chevrolet posted 3 models in the top5, the LCV TFR Cab in second, the Lanos in 4th and the Aveo in 5th.

Kia was 3rd, with 12.274 units with a share of 10.0% (10.8% in August), up 3.6 points from last year. Kia is the winner this year, posting the highest increase from last year.

Toyota was 4th, with 8.549 units and a share of 6.9% (7.2% in August), up 3.0 points of share from last year, when was penalized by short supply.

Renault was 5th, with 5.0% of share, flat on last year, ahead of Suzuki, 6th with 4.604 sales and a share of 3.7%, up 2.1 points from last year.

In Egypt there are many Chinese brands. The first in Chery, locally named Speranza (an Italian name meaning “hope”), which was 7th with a share of 3.4%. Others Chinese are the Golden Dragon, an LCV maker, 12th with a share of 1.9%, and the King Long, other LCV producer, 13th with a share of 1.7%.

In the table below, the top 20 brands, ordered by year-to-date position:

Rank

Brand

Aug

Ytd Aug

2011

Q1

Q2

I Half

Aug

Ytd Aug

1

Hyundai

4.253

29.234

24,3%

24,9%

22,8%

23,8%

24,4%

23,7%

2

Chevrolet

4.064

27.080

21,7%

21,3%

22,1%

21,7%

23,3%

22,0%

3

Kia

1.889

12.274

6,4%

9,3%

10,2%

9,8%

10,8%

10,0%

4

Toyota

1.258

8.549

3,9%

5,8%

7,7%

6,8%

7,2%

6,9%

5

Renault

653

6.184

5,1%

5,2%

5,3%

5,3%

3,7%

5,0%

6

Suzuki

590

4.604

1,6%

3,8%

3,8%

3,8%

3,4%

3,7%

7

Speranza (Chery)

422

4.138

5,3%

4,1%

3,3%

3,7%

2,4%

3,4%

8

Mitsubishi

464

3.280

1,6%

2,5%

2,1%

2,3%

2,7%

2,7%

9

Nissan

400

3.020

3,8%

2,8%

2,6%

2,7%

2,3%

2,5%

10

Skoda

546

3.030

1,9%

2,4%

2,1%

2,3%

3,1%

2,5%

11

Volkswagen

346

2.475

1,5%

2,2%

1,9%

2,0%

2,0%

2,0%

12

Golden Dragon

424

2.337

0,0%

1,0%

2,3%

1,7%

2,4%

1,9%

13

King Long

240

2.043

0,0%

2,3%

1,3%

1,8%

1,4%

1,7%

14

Bmw

222

1.560

1,2%

1,0%

1,2%

1,1%

1,3%

1,3%

15

Mercedes

255

1.630

1,5%

1,3%

1,5%

1,4%

1,5%

1,3%

16

Daihatsu

193

1.371

1,0%

1,1%

1,1%

1,1%

1,1%

1,1%

17

Peugeot

168

1.131

0,6%

0,6%

1,2%

0,9%

1,0%

0,9%

18

Jeep

139

1.130

1,0%

1,1%

0,9%

1,0%

0,8%

0,9%

19

Proton

149

978

0,5%

0,9%

0,7%

0,8%

0,9%

0,8%

20

Ford

90

666

0,3%

0,6%

0,5%

0,5%

0,5%

0,5%

The sales data we are reporting are collected through many sources, not having one official source of data. As far as Nissan and Mercedes data reported are our best estimate, not having yet direct information.

Looking at the best-selling models, Hyundai held the leadership with the Verna, sold in 14.308 units in 8 months with a share of 11.6%, followed by the Chevrolet TFR single cab, with 11.899 sales and 9.7% of share. Third was the Hyundai Elantra, with 8.001 sales and a share of 6.5%. Elantra was the fastest growing and in August posted a share of 7.5%.

Behind two Chevrolet, the Lanos at 5.0% of share and the Aveo, with 4.5%.

A surprise in August was the Golden Eagle Hiace, a minibus based on the previous generation of the Toyota Hiace, able to be 9th in the month and to surge in 16th position year-to-date.

In the table below, the top 32 models, ranked for year-to-date position:

Rank

Model

Aug

Ytd Aug

Q1

Q2

I Half

July

Aug

Ytd Aug

1

Hyundai Verna

2.301

14.308

11,9%

10,2%

11,1%

12,9%

13,2%

11,6%

2

Chevrolet TFR S. Cab

1.669

11.899

9,6%

10,2%

9,9%

8,6%

9,6%

9,7%

3

Hyundai Elantra

1.303

8.001

5,5%

7,6%

6,6%

5,1%

7,5%

6,5%

4

Chevrolet Lanos

1.119

6.219

4,4%

4,6%

4,5%

6,4%

6,4%

5,0%

5

Chevrolet Aveo

1.042

5.602

3,8%

4,4%

4,1%

5,4%

6,0%

4,5%

6

Hyundai Accent

386

4.637

4,8%

3,6%

4,2%

3,0%

2,2%

3,8%

7

Renault Logan

395

3.983

3,3%

3,3%

3,3%

3,8%

2,3%

3,2%

8

Kia Carens

469

3.500

3,0%

2,8%

2,9%

2,5%

2,7%

2,8%

9

Mitsubishi Lancer

386

3.186

2,5%

2,1%

2,3%

4,4%

2,2%

2,6%

10

Kia Cerato/Koup

421

2.965

2,1%

2,6%

2,4%

2,6%

2,4%

2,4%

11

Skoda Octavia A5

532

2.935

2,3%

2,1%

2,2%

2,7%

3,0%

2,4%

12

Suzuki Microbus

350

2.750

2,3%

2,3%

2,3%

2,1%

2,0%

2,2%

13

Toyota Corolla

333

2.695

1,9%

2,4%

2,2%

2,5%

1,9%

2,2%

14

Toyota Hilux

451

2.652

1,8%

2,5%

2,2%

1,7%

2,6%

2,2%

15

Kia Sportage

368

2.464

2,2%

1,7%

1,9%

2,2%

2,1%

2,0%

16

Golden Dragon Hiace

424

2.337

1,0%

2,3%

1,7%

2,5%

2,4%

1,9%

17

King Long XMQ

240

2.043

2,3%

1,3%

1,8%

1,2%

1,4%

1,7%

18

Speranza Tiggo

161

1.828

1,9%

1,5%

1,7%

1,1%

0,9%

1,5%

19

Toyota Hiace

245

1.750

1,5%

1,5%

1,5%

1,0%

1,4%

1,4%

20

Kia New Picanto

281

1.514

0,9%

1,3%

1,1%

1,3%

1,6%

1,2%

21

Kia New Rio

330

1.431

0,6%

1,3%

1,0%

1,3%

1,9%

1,2%

22

Speranza A113

157

1.338

1,4%

1,0%

1,2%

0,8%

0,9%

1,1%

23

Hyundai i10

190

1.322

1,4%

0,7%

1,1%

1,1%

1,1%

1,1%

24

Chevrolet Optra

20

1.303

1,7%

1,1%

1,4%

0,1%

0,1%

1,1%

25

Renault Sandero

216

1.207

1,3%

0,7%

1,0%

0,5%

1,2%

1,0%

26

Suzuki Maruti M800

142

1.103

0,9%

0,9%

0,9%

0,9%

0,8%

0,9%

27

Daihatsu Terios

184

1.015

0,8%

0,7%

0,8%

0,8%

1,1%

0,8%

28

Volkswagen Passat

58

953

1,0%

0,7%

0,9%

0,7%

0,3%

0,8%

29

Chevrolet Spark

30

711

1,0%

0,5%

0,7%

0,2%

0,2%

0,6%

30

Renault Fluence

20

665

0,4%

1,0%

0,7%

0,1%

0,1%

0,5%

31

Toyota Fortuner

112

601

0,0%

0,7%

0,4%

1,0%

0,6%

0,5%

32

Jeep Cherokee

64

546

0,5%

0,5%

0,5%

0,2%

0,4%

0,4%

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