MG Dominates Imported Car Sales in Egypt for July

The “MG” brand led the imported passenger car sales in Egypt during July. With a market share of 25.6%, MG recorded sales of 680 cars, as per the Automotive Market Information Council (AMIC) monthly report.

“Kia” trailed in second place, boasting a 19% market share with 505 cars sold, and “Toyota” secured third with an 11.2% share, translating to 297 cars.

“Opel” claimed fourth place with 8.3% of the market, selling 220 cars. “Suzuki” advanced to fifth with a 6.8% share and 181 cars sold.

Following them were “Citroen” in sixth place (5.6% share, 150 cars), “Subaru” in seventh (5.3%, 140 cars), “Peugeot” in eighth (5.1%, 137 cars), and “Mitsubishi” in ninth (5%, 134 cars).

“Renault” landed in tenth with a 2.2% share, equating to 59 cars. Meanwhile, the “Geely/Abu Ghaly” brand ranked eleventh, accounting for 1.8% of the market and selling 49 cars.

“Ford” and “Fiat” both shared a market slice of 1.1%, selling 30 cars each, positioning them in twelfth and thirteenth place respectively.

All other brands combined had a 1.8% market share, totaling 49 cars out of all imported cars sold in Egypt for that month.

The AMIC report also highlighted a significant decline in sales for “private” cars. July saw sales totaling 4.9 thousand, marking a sharp 44.5% drop from the 8.8 thousand cars sold in the same month of the previous year.

Moreover, imported car sales saw a surge of 77.9%, reaching 15.2 thousand cars, in contrast to the 68.9 thousand cars in 2022’s corresponding period.

However, sales of locally assembled cars dipped by 49.1%, with about 16.6 thousand cars sold in the first seven months of the current year. This pales in comparison to the 32.6 thousand sold during the same timeframe in 2022, based on AMIC’s monthly findings.