Egyptian Vehicle Market in the 2019 was hit again by price increase and has broken the recovery in place. Indeed sales in the first nine months declined 12% at 117.968 units and perspectives for the next year are almost uncertain. Three brands, Chevrolet, Hyundai and Nissan hold over the half of the market.
Egyptian Vehicle Market has grown 24.2% in the 2018, rebounding after the previous years fall. Sales were pushed by a lower inflation on vehicles price, while duties increase on fuel, vehicles and parts has limited the growth. Hyundai, Nissan and Renault shine on top.
Egypt new vehicles sales in 2017 fell down ruinously hit by inflation, huge price increase, fuel increase and higher taxes and duties. The market lost 36%, at lowest in this decade. Chevrolet is the leader with 21% of share, thanks to the dominion in commercial segment.
In 2014 Egypt Vehicles Market hit the all-time record thanks to a renovated political stability and country economic recovery. Chevrolet, Hyundai and Nissan were on podium.
Despite social and political internal conflict, during the 2013 the Egyptian car market fell marginally from the previous year. However, the phenomenal attack posted by Chinese brands changed the competitive structure with Koreans struggling hard.