In the initial four months of 2024, the Egyptian truck market witnessed a significant downturn, particularly evident in the realm of imported trucks.

Sales data reveals a staggering 43.1% decline in imported truck sales during this period.

Leading the sales charge is Chevrolet, boasting 2.7 thousand trucks sold, capturing a commanding 73.5% market share.

Following closely behind is Toyota, securing the second position with 375 trucks sold, accounting for approximately 10.2% of the market.

Locally assembled trucks also faced a downturn, with sales dipping from 3.3 thousand in the same period last year to 3.1 thousand this year, marking a 7.8% decrease.

The Automotive Market Information Council’s (AMIC) monthly report sheds light on this trend, outlining the challenges faced by the truck market amidst economic uncertainties and supply chain disruptions.

In addition to Chevrolet and Toyota, other notable brands in the Egyptian truck market include Mitsubishi, MCV/Mercedes, and GMC. Despite the overall decline in sales, these brands continue to compete for market share, with Mitsubishi securing the third spot with 282 trucks sold.

Further down the list, brands like Suzuki, Hyundai, Volvo, and Shacman also made their mark, albeit with lower sales figures.

Overall, truck sales across various categories experienced a 16% decline in the first quarter of 2024, with total sales amounting to 3.6 thousand trucks, compared to 4.3 thousand in the same period last year.

This decline underscores the challenging landscape faced by the Egyptian truck market, prompting stakeholders to strategize and innovate to navigate these turbulent times.