Car prices continue to grow in Egypt

05 Apr 2016

(MENAFN) Car prices continued to increase without stopping, registering record prices as a result of the foreign currency crisis and its effect on importing cars.

Moreover, prices have also increased due to the current grow in the dollar exchange rate against the Egyptian pound, which touched USD 1.12mn.

Accordingly, car prices have grew through the past week by 3 percent to 5 percent, which involved increases in prices for cars from BMW, Hyundai.

In addition, they will continue to increase in the coming period by 10 percent due to the continued scarcity of foreign currency.

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