AMEC Report: Private Car Sales in Egypt Surge by 15% for the Second Consecutive Month

The monthly report from the Automotive Market Information Council (AMEC)

reveals a robust 15% growth in private car sales in Egypt, marking the second consecutive month of recovery. Notably, “Nissan” leads in sales, while “Chevrolet” secures the second position over the 10-month period.

Private car sales in Egypt experienced a significant upturn, reaching 6.9 thousand cars in the reported month, reflecting a remarkable 14.7% increase compared to the sales figure in October of the previous year, which exceeded 6 thousand cars.

However, the year-to-date data for the first ten months of the current year paints a different picture, showing a decline of approximately 57% in private car sales, totaling 52.8 thousand cars. This is in stark contrast to the same period in the previous year, 2022, when sales reached 123.1 thousand cars.

The comprehensive report estimates the total car market sales in Egypt for the first 10 months of this year at over 70,000 cars, showcasing a notable decrease from the 168.8 thousand cars sold during the same period in 2022, reflecting a decline of about 58.5%.

Breaking down the market, bus sales dropped to 6.7 thousand buses in the span of 10 months, compared to 14.6 thousand buses in the same period in 2022, marking a decrease of 53.9%.

Truck sales also saw a significant decline, with the sale of more than 10.3 thousand trucks, compared to 31.1 thousand units in the corresponding period, indicating a decrease of 67%.

Nissan emerged as the top-selling brand in the past 10 months, with sales surpassing 11,000 cars, securing a market share of 15.8%.

Chevrolet secured the second position with a 12% market share and a total of 8.3 thousand cars sold, while the Chinese brand “Chery – Ghabbour” claimed the third spot with an 11.7% market share and 8.1 thousand cars.

Toyota maintained its fourth position with an 8.6% market share, selling over 6,000 cars, followed by Suzuki in fifth place with a 6.3% share and sales exceeding 4.3 thousand cars.

The MG brand saw a rise to the sixth position, increasing its market share to 5.9% and selling 4.1 thousand cars. Hyundai, falling to seventh place with a 5.9% market share, recorded sales of about 4.1 thousand cars.

Other notable brands include BYD, Renault, Kia, Mitsubishi, and Citroen, each holding their respective positions in the market.

In terms of monthly sales, the market witnessed a decline of 0.4%, with 8.9 thousand cars sold compared to the same month in the previous year, which saw sales exceeding 9 thousand cars.

Bus sales declined to more than 1,000 buses in October, a 27.8% decrease from the 1.4 thousand buses sold during the same period in 2022. Similarly, truck sales declined to about 995 trucks, marking a 35.2% decrease from the 1.5 thousand units sold in the comparative period.