Flash Reports

Egypt new vehicles sales down in Q3 2015 albeit expected economic expansion.

Egypt new vehicles sales Renault-Sandero-Stepway_2014

Egypt new vehicles sales down hard in Q3 2015 albeit expected economic expansion promised by actual non-elected government. Real data from economy are still weak and the car market will struggle again.

Economic Outlook

Much of the hype surrounding the government’s plans for revitalizing the economy in the short-term seems to be fading.

Revenues at the expanded Suez Canal were weaker in August and September compared to last year as global trade flows remain subdued. While the government is prepared to continue spending, it is unclear if other large-scale infrastructure projects will materialize going forward. The discovery of a massive gas field should help boost capital inflows, although it will take years for investment to ramp up on a significant scale.

Meanwhile, there is concern regarding the pace of reform efforts, with no new details about the planned introduction of a VAT or further changes to fuel subsidies.

A first round of parliamentary elections was held in late October amid notably low turnout. Voting will continue later this month and results are expected in early December. Egypt has been without a parliament since 2012, and while analysts predict that the new parliament will largely support President Abdel Fattah el-Sisi, political stability is not guaranteed.

Market Outlook

In the last 50 years, Egypt has represented the productive hub for the automotive sector in North Africa. Moreover, in the last decade this rule has been progressively lost in favor of Algeria and Morocco albeit the domestic new vehicles market medium term trend has been positive.

The new vehicles market has gained momentum last year hitting the new record volume  and in the 2015 is moderately losing.

Indeed, according to data released by focus2move Research Team through local sources and the Egyptian Automotive Marketing Information Council (AMIC), following a first half sales of  148.730 units, flat from the previous year, the third quarter figures were progressively declining with July sales down 3.4%, August down 11.0% and September down 19.2% at 22.071 units sold.

After the first three-quarters of the 2015, total sales had been 190.994, down 5.1% from the correspondent period last year.

Competitive Arena

After having lost the leadership in the first quarter, Chevrolet has reaffirmed its rule on top of the market in recent months. In September it sod 4.626 vehicles (-12.6%) and was ahead of Hyundai with 3.447 (-28.1%) and a surprising Renault with 2.404 (+50.4%).

Just 12 month ago the French manufacturer has re-launched the local activities achieving amazing performances in short-term.

Others fast growing brands had been Subaru (+187%) and Fiat (+780%, but from a low-base)

As far as the car group’s performance, the year to date leader is Hyundai with market share at 22.4% ahead of General Motors with 21.0% and Renault-Nissan with 15.7%.

As far as best-selling models ranking, in September the  Chevrolet TFR was on top with 2.172 sales (-8.2%) ahead of Nissan Sunny with 1.660 units (-9.7%) and Hyundai Verna with 1.589 (-40.0%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.

Rank Sep Rank 2015 Brand Sales Sep Sales Ytd Var Sep Var Ytd Share Sep Share Ytd
1 1 Chevrolet 4.626 38.550 -12,6% -3,2% 21,0% 19,4%
2 2 Hyundai 3.447 34.741 -28,1% 4,6% 15,6% 17,5%
3 5 Renault 2.403 12.399 50,4% 96,7% 10,9% 6,2%
4 3 Nissan 2.339 18.825 -9,3% -15,2% 10,6% 9,5%
5 7 Kia 1.550 9.768 -14,4% -14,0% 7,0% 4,9%
6 4 Toyota 1.240 18.431 -50,9% -8,1% 5,6% 9,3%
7 6 Suzuki 844 11.281 -22,6% 42,9% 3,8% 5,7%
8 8 Mitsubishi 796 7.507 -7,0% 54,2% 3,6% 3,8%
9 12 Peugeot 716 3.869 32,6% -22,1% 3,2% 1,9%
10 15 Opel 395 3.284 276,2% 14,5% 1,8% 1,6%

Rank Sep Rank 2015 Model Sales Sep YTD Sep Var Sep Var YTD Share Sep Share 2015
1 1 Chevrolet TFR Single Cab 2.172 19.017 -8,2% 5,1% 9,85% 9,6%
2 3 Nissan Sunny 1.660 12.282 -9,7% -20,1% 7,53% 6,2%
3 2 Hyundai Verna 1.589 16.572 -40,0% -10,4% 7,21% 8,3%
4 6 Renault Logan 1.459 6.193 43,0% 126,2% 6,62% 3,1%
5 4 Chevrolet Aveo 843 6.556 -20,9% -11,5% 3,82% 3,3%
6 10 Hyundai Elantra 792 5.387 12,5% 37,2% 3,59% 2,7%
7 8 Chevrolet Lanos 762 6.038 -22,6% -24,8% 3,46% 3,0%
8 20 Renault Sandero 703 2.958 69,8% 132,4% 3,19% 1,5%
9 5 Mitsubishi Lancer EX 651 6.473 -4,0% 119,1% 2,95% 3,3%
10 9 Suzuki Microbus 600 5.400 7,1% 26,5% 2,72% 2,7%
11 21 Kia Sportage 552 2.815 -6,1% 2,9% 2,50% 1,4%
12 7 Hyundai ix35 532 6.116 -20,5% 28,2% 2,41% 3,1%
13 16 King Long XMQ6500E 372 3.583 -3,1% -5,2% 1,69% 1,8%
14 34 Mazda3 sedan 354 1.573 234,0% 225,7% 1,61% 0,8%
15 19 Chevrolet N300 350 3.290 2,3% 5,9% 1,59% 1,7%
15 33 Peugeot 301 350 1.646 21,5% -55,1% 1,59% 0,8%
16 12 Skoda Octavia 329 4.664 -45,1% 43,6% 1,49% 2,3%
17 22 Chevrolet Optra 295 2.289 -8,7% 2,8% 1,34% 1,2%
18 11 Toyota Corolla 292 5.344 -59,4% -9,3% 1,32% 2,7%
19 14 Golden Dragon Haice 289 3.617 14,2% 5,2% 1,31% 1,8%
20 27 Kia Cerato 288 2.026 52,4% -21,1% 1,31% 1,0%

To know all about the Egyptian Automotive market, see the Egypt Car Market 2012-2020 Outlook:

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