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.
Egypt Auto Sales in Q1 2016 hit severely by the financial troubles created by oil low price with the country's economy standing in a shaky ground and downgraded by financial institutions.
Egyptian car registrations down 17% in October due to the Chinese brands fall. Despite the launch of two new models Hyundai reported sales down 30% while strong demand on Logan pushed Renault in third place.
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.
October 2013 Egyptian car market reported a double digit loss, hit by riots in main towns. However, the cumulated market is stable, despite political turmoil and a weak economy, as consumers opted for cheaper and more fuel efficient vehicles.
In September 2013, the Egyptian car market was back at normal sales level, following two months of over 40% year on year loss. September sales were aligned with the previous year keeping year to date volume flat. Hyundai Verna reinforced the leadership.
In July, the Egyptian car market was severely hit by civil war and fell 41.8% from last year. However, thanks to the robust first half performance, year to date sales were still positive. Peugeot shines in 5th place thanks to 301, jumped in 4th place among models.
Egyptian car market confirmed positive trend and perspectives in April posting a 12.8% increase from last year. Cumulate sales were up 13.9%. In second place, Hyundai jumped at 20% market share, all-time record in the market.
Following a robust gain in first two months of the year, in March the Egyptian light passenger market was flat. However, in the first quarter it rose 14.3% from last year. Three Chinese brands in Top 10, with Geely surged in 7th.
In February 2013, car statistics confirmed the positive momentum for the Egyptian car market, which advanced 7.7%, with year-to-date sales up 24.1% from last year. Toyota climbed in second place, pushed by strong performance of its icon, the Corolla.
Following the positive second half 2012, the light passenger vehicle market in Egypt started the 2013 with a robust sales increase, up 42.7%, confirming expectation for a strong year. Hyundai posted a low market share, while Opel an high jump.
Posting a December 22% increase, the Egyptian car market ended the 2012 recovering 13.8% from the previous year. After a long fight, Chevrolet won the battle for leadership against Hyundai. In third position there was Kia.
The Egyptian car market was really strong in November posting a 34.9% jump from last year. Year-to-date sales were up 12.8%, confirming a partial recovery after the 2010 and 2011 decline. Kia climbed in 2nd place with 12.0% of share while Hyundai was 3rd losing 4 points of share.