Oops! It appears that you have disabled your Javascript. In order for you to see this page as it is meant to appear, we ask that you please re-enable your Javascript!

Egypt June. Market recovery in double-digit

Egyptian Vehicle Market Kia-Picanto_GT-Line-2017

Egyptian Vehicle Market ended the first half 2018 with 73.170 light vehicles sold (+12.1%) approaching a recovery after the deep lost reported in the previous years. Economic reforms are sustaining economic recovery and expectations are positive.

Egypt’s economy strengthened in FY 2018, which ended in June, and the implementation of President Abdel Fattah el-Sisi’s structural reforms has continued in recent months. In April–June, annual economic growth was unchanged from the multi-year high recorded in January–March. Moreover, in the July-to-March period, the current account deficit narrowed year-on-year by nearly 60% thanks to higher tourism revenues, remittance inflows and Suez Canal income. More recently, the government hiked the price of natural gas by up to 75% on 21 July. The hike comes into effect from August and should improve the fiscal balance. To help alleviate the pressure of higher prices on the poorest Egyptians, the FY 2019 budget, which came into effect in July, contains provisions such as the expanded use of cash transfer and food subsidy programs.

Following two years (2014 and 2015) of high sales volume, in the 2016 the domestic vehicles market dropped down, hit by the impressive increase in the vehicles key-on-hand price and this trend has not changed in the 2017, when, VAT was increased again as the duty for vehicles over 2 liters. Indeed, according to the data released by the AMIC, in the 2017 total vehicles (cars and commercials) sales have been 134.885, down a huge 36.8%

  Sales 2012 Sales 2013 Sales 2014 Sales 2015 Sales 2016 Sales 2017 Sales 2018 e
Car+LCV 215.592 208.325 280.861 274.074 211.487 133.872 149.231
HCV 2.813 2.402 1.795 2.463 1.873 1.013 1.124
Total 218.405 210.727 282.656 276.537 213.360 134.885 150.356

  2012 Var 2013 Var 2014 Var 2015 Var 2016 Var 2017 Var 2018 var e
Car+LCV 19,5% -3,4% 34,8% -2,4% -22,8% -36,7% 11,5%
HCV -38,1% -14,6% -25,3% 37,2% -24,0% -45,9% 11,0%
Total 18,1% -3,5% 34,1% -2,2% -22,8% -36,8% 11,5%

In the 2018 the huge pressure on vehicles price has been reduced and the positive economic trend created mood for a recovery, after the deep lost of recent years. Consequently, the light vehicles market (HCVs not included) has started a recovery and after the +5.1% reported in the first quarter, during the second accelerated with a remarkable +16.4%, ending the first half with 73.170 sales, up 12.1%.

  Sales Q1 2018 Sales Q2 2018 Sales First Half 2018 Variation Q1 2018 Variation Q2 2018 Variation First Half 2018
Car+LCV 32.278 40.137 73.170,0 5,1% 16,4% 12,2%

At brand-wise, the leader is Nissan with 14.918 sales (+14.5%) and 20.4% of market share.

In second place Chevrolet with 14.270 (-3.2%) followed by Hyundai with 12.486 (+48.6%), Renault with 6.334 (+110%), Toyota with 5.166 (+4.4%), Kia with 3.281 (-2.9%) and Opel with 2.290 (+17.7%).

Research, Consulting, Data & Forecast

F2M covers intensively this market with several products developed to help any investigation required. Market Researches in PDF are immediately available for download with study on the market since 2005 and with forecast up to the 2025. Auto Data in EXCEL are immediately downloadable with annual sales volume, split by month, for all brands and all models distributed in the market. This year data are released year to date, but you will receive a monthly update until the year-end. All these and more within Egypt Corner Store

Rank 2018 Rank 2017 Brand Sales 2018 Sales June Variation 2018 Variation June Share 2018 Share June
1 3 Nissan 14.918 2.996 14,5% -8,7% 20,4% 20,0%
2 1 Chevrolet 14.270 2.416 -3,2% -11,9% 19,5% 16,1%
3 2 Hyundai 12.486 2.441 48,6% 38,1% 17,1% 16,3%
4 5 Renault 6.334 1.873 110,9% 261,6% 8,7% 12,5%
5 4 Toyota 5.166 1.115 4,4% -19,7% 7,1% 7,5%
6 7 Kia 3.281 711 -2,9% 24,3% 4,5% 4,8%
7 9 Opel 2.290 492 17,7% 113,0% 3,1% 3,3%
8 6 Mitsubishi 2.222 549 -38,6% -32,3% 3,0% 3,7%
9 8 Chery 1.824 339 -6,8% -40,0% 2,5% 2,3%
10 10 Suzuki 1.759 488 -20,4% 8,9% 2,4% 3,3%

 

(892)