2023-08-27 15:40:01
06:28 PM Sunday, August 27, 2023
books. Ayman Sabry |
A report by the American “F2M” agency, Focus2Move, which specializes in car market research, stated that total sales in the Egyptian market during the first half of the current year 2023 decreased by 59.3% on an annual basis.
And total sales in the Egyptian market stopped last June, which completes the first half of the year, at 8,493 units, a decline of 51.8%, thus continuing the decline in sales for the 19th month in a row.
According to the US agency, which relies in its report on global GAD data for car statistics, total car sales (riding “owners” – buses – commercial transport) in the first half in Egypt amounted to 42,977 units.
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Cumulative data for the first half of the year showed that Nissan maintained the top spot in the best-selling brand ranking with 5,956 vehicles, despite a year-on-year decrease of 55.1%, followed by Chinese Chery with 5,162 units, down by 50.1%.
American Chevrolet ranked third with 5,026 units, down 65.8%, two places ahead of the last ranking, then Japanese Toyota came fourth with 3,785 cars, down 58.6%, and Suzuki 3,693, down 65.3%.
The sixth place in the best-selling list went to the Chinese MG, which advanced 6 full positions from the last arrangement, benefiting from the record sales of 2,826 cars, with a decrease of 59.6% on an annual basis.
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South Korean Hyundai came seventh with 2,077 units, a decrease of 67.9%, and its Kia citizen eighth, with 2,057 units, a decrease rate of 61.0%, and in ninth place was the Chinese BYD, with 1,940 cars, a decrease rate of 29.3%.
As for the tenth place, it went to the Chinese King Long, which is the only brand in the Egyptian market that recorded a positive development, as its total sales amounted to 1,335 cars, an increase of 39.9% on an annual basis.
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The Nissan Sunny small family sedan topped the list of best-selling passenger cars despite losing 49.3% of its sales year-on-year; Meanwhile, the Chevrolet tank topped the list of commercial cars, despite the decline in sales by 68.3%.
In addition, experts expect that the Egyptian car market crisis will continue during the second half of this year and the first quarter of next year, provided that the improvement begins in the second quarter of 2024, provided that there is a breakthrough in the foreign currency and the return of imports.
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