The first half of 2023 has seen some clear winners in Egypt’s car market. A report from the Automotive Market Information Council (AMIC) has identified the dominant car brands:
- Nissan spearheads the market, achieving a market share of approximately 24.5%. Their total sales reached 6.5 thousand vehicles, marking a significant shift from the same period in 2022.
- Chery-Gabbour clinches the second spot, boasting a market share of around 15.7% and sales figures of 4.2 thousand vehicles.
- Renault follows closely, securing third place. Their sales hovered around 3 thousand vehicles, capturing about 11.2% of the market.
- BYD and Toyota come in fourth and fifth, respectively. BYD claims a share of 8.8% with sales of 2.3 thousand cars, while Toyota commands a 6.5% share, having sold approximately 1.7 thousand cars.
Other notable mentions include:
- Kia at sixth place, selling about 1.2 thousand cars and garnering a 4.5% market share.
- Mitsubishi at seventh, with sales equating to 1.2 thousand cars and a 4.4% market share.
- MG in eighth, registering sales of roughly 1.1 thousand cars and a market share of 4.3%.
- Hyundai and Opel rank ninth and tenth, respectively. Hyundai recorded nearly 1,000 sales with a 3.7% market share, while Opel sold 741 cars, holding 2.8% of the market.
- Final mentions are Citroen, Subaru, and Suzuki. They rank eleventh, twelfth, and thirteenth, with market shares of 2.5%, 2.4%, and 1.9% respectively.
Unfortunately, despite the success of these brands, the overall car market sales in Egypt dwindled during the first half of 2023. There was a stark reduction of 69.8%, with sales plummeting to 36.8 thousand cars from the 122.3 thousand sold during the same period in 2022.
Further insights from AMIC’s report, acquired by the Auto Club, show a 71% decrease in passenger car sales year on year, totaling 26.8 thousand cars. Bus sales decreased by 56%, settling at 3.9 thousand, and truck sales dropped by about 71% with 5.9 thousand trucks sold in the first half of 2023.
