{"id":2387,"date":"2023-10-21T10:39:20","date_gmt":"2023-10-21T10:39:20","guid":{"rendered":"https:\/\/www.autoclub.app\/?p=2387"},"modified":"2023-10-21T10:46:00","modified_gmt":"2023-10-21T10:46:00","slug":"european-car-sales-plunge-73-2-in-7-months-chinese-brands-surpass-10000-units","status":"publish","type":"post","link":"https:\/\/autoclub.app\/blog\/en\/european-car-sales-plunge-73-2-in-7-months-chinese-brands-surpass-10000-units\/","title":{"rendered":"European Car Sales Plunge 73.2% in 7 Months; Chinese Brands Surpass 10,000 Units"},"content":{"rendered":"<h1>European Car Sales Plunge 73.2% in 7 Months; Chinese Brands Surpass 10,000 Units<\/h1>\n<p>In the first seven months of the year, European car sales in Egypt saw a staggering drop of 73.2%, with figures standing at 5.5 thousand units. This is a stark contrast to the approximately 20.6 thousand units sold in the same timeframe in 2022, as revealed by the latest monthly report from the Automotive Market Information Council (AMIC).<\/p>\n<p>Chinese brands, while also facing a downturn, reported a lesser dip in sales at 62.5%, translating to over 10,000 cars. This is in comparison to the 26.8 thousand units sold in the comparative period of the previous year, as per the AMIC report.<\/p>\n<p>American-manufactured vehicles experienced an even sharper decline, plummeting by 81.4% to 612 cars, down from 3.2 thousand units in the past seven months. Japanese car sales weren&#8217;t spared either, seeing a decrease of 64%, amounting to roughly 12.1 thousand cars, versus the 33.7 thousand units from the previous year&#8217;s comparable period. Korean cars followed suit, dwindling by 76.9% to 3.4 thousand units from an earlier 14.8 thousand.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-2380 aligncenter\" src=\"https:\/\/www.autoclub.app\/wp-content\/uploads\/2023\/10\/1-2.png\" alt=\"diamond-motors-2023-mitsubishi-price-hike\" width=\"583\" height=\"437\" srcset=\"https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/1-2.png 1024w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/1-2-300x225.png 300w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/1-2-768x576.png 768w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/1-2-600x450.png 600w\" sizes=\"(max-width: 583px) 100vw, 583px\" \/><\/p>\n<p>Interestingly, sales figures for Indian cars highlight a sale of just a single unit in these seven months, a sharp decrease from around 2.1 thousand cars during the equivalent period in 2022.<\/p>\n<p>Further insights from the AMIC report indicate that private car sales also took a hit, plummeting to 31.8 thousand cars in the first seven months of 2023. This is a significant drop from the 101.5 thousand units recorded in the same period the prior year, marking a 69% decline.<\/p>\n<p><img decoding=\"async\" class=\"wp-image-2382 aligncenter\" src=\"https:\/\/www.autoclub.app\/wp-content\/uploads\/2023\/10\/2.png\" alt=\"diamond-motors-2023-mitsubishi-price-hike\" width=\"554\" height=\"396\" srcset=\"https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/2.png 798w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/2-300x214.png 300w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/2-768x549.png 768w, https:\/\/autoclub.app\/blog\/wp-content\/uploads\/2023\/10\/2-600x429.png 600w\" sizes=\"(max-width: 554px) 100vw, 554px\" \/><\/p>\n<p>Similarly, truck sales across various categories also suffered, witnessing a 71% reduction. This means only about 6.7 thousand trucks were sold in the last seven months, compared to 23.2 thousand trucks in the corresponding period of the previous year.<\/p>\n<p>To round off the automotive downturn, total bus sales slumped notably to 4.5 thousand buses, a 56.1% drop when compared to the 10.3 thousand buses sold in 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Car Sales Plunge 73.2% in 7 Months; Chinese Brands Surpass 10,000 Units In the first seven months of the year, European car sales in Egypt saw a staggering drop of 73.2%, with figures standing at 5.5 thousand units. This is a stark contrast to the approximately 20.6 thousand units sold in the same timeframe &hellip;<\/p>\n","protected":false},"author":2,"featured_media":2384,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[44],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/2387"}],"collection":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/comments?post=2387"}],"version-history":[{"count":2,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/2387\/revisions"}],"predecessor-version":[{"id":2389,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/posts\/2387\/revisions\/2389"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media\/2384"}],"wp:attachment":[{"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/media?parent=2387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/categories?post=2387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/autoclub.app\/blog\/en\/wp-json\/wp\/v2\/tags?post=2387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}