FINANCIAL NEWS

Passenger cars sales in Egypt reach USD 1.02bn

14 Jun 2016

(MENAFN) Egypt’s automotive market suffered to sell 44,900 units of passenger cars through the first four months of this year, with a whole value of USD 1.02bn.

Meanwhile, Korean brands reached the top sales, which achieved sales of 14,500 units at a value of USD 0.27bn.

On the other hand, Japanese brands achieved sales of 13,300 units worth USD 0.32bn, a 30.4 percent drop in sales.

Furthermore, the whole sales of passenger cars in the market posted 33,318 units during the first quarter of this year at a value of USD 0.76bn.

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