A new wave of price increases for 165 car models from different brands continued through in October, registering record highs as a result of price increases that companies have put in place on newly imported shipments and the low supply offered in the market.
These price hikes included the German brands Opel and BMW, the Korean Hyundai and Kia, the American Chevrolet and Jeep, and the Japanese Mitsubishi and Toyota.
The new increases come after soaring prices have battered the market in recent months, pushed by the continuous crisis of foreign currency shortage needed for imports and the increase of the US dollar exchange rate in the unofficial market.
Ford and Jeep drive price increase for American cars in Egypt, Chevrolet keeps prices unchanged
A tour of American car brands showed that prices have increased in October. Ford increased the price of its Fusion and Kuga models by EGP 10,000 each to register EGP 350,000 and EGP 375,000 respectively.
Ford also increased prices on its Focus model by EGP 9,000 to reach EGP 194,000, as EcoSport went up by EGP 14,000 to register EGP 294,000.
In September, prices for the company’s Fusion and Kuga models had already increased by EGP 10,000, registering EGP 340,000 and EGP 365,000 respectively, while it had maintained the prices of its other cars at the same levels as in August.
The price of the Jeep’s Wrangler model went up by EGP 60,000, registering EGP 495,000.
Jeep pushed the price of its Renegade model up to EGP 310,000—an increase of EGP 30,000 from August. Jeep’s Grand Cherokee now costs EGP 775,000, up by EGP 105,000.
Chevrolet maintained its prices without change since September. However, it added EGP 10,000 to the price of its Aveo model, now registering EGP 123,000 in its sub-compact line that comes with automatic transmission. The company also increased the Optra’s price by EGP 6,000 to register EGP 149,000, and the price of its Lanos model by EGP 6,000 to register EGP 100,250.
Prices of Japanese models go up
Japanese car brands have also increased their prices, starting with Subaru adding EGP 10,000 to the high-end models of its Impreza line, bringing the final cost to EGP 290,000. It has also added EGP 20,000 to its XV model, raising its price to EGP 295,000.
EGP 10,000 were added to Toyota’s Fortuner, boosting its price to EGP 445,000 for the 2,700cc and the 4,000cc engines. The company added EGP 10,000 to the price of the Corolla model raising it to EGP 245,000 and EGP 10,000 to the price of the Yaris, bringing it to EGP 245,000.
Mazda also imposed an EGP 21,000 increase on the price of Mazda 3, as its price reached EGP 266,000, and EGP 29,000 to the price of Mazda 2, setting the price to EGP 222,000.
Nissan increased the price of its Sunny by about EGP 22,000 for the top of the line models that come with automatic transmission, registering EGP 150,000, and EGP 23,000 to the Super Saloon class to reach EGP 168,000. The price of Sentra increased by EGP 23,000 to reach EGP 200,000 for the full-option model.
Mitsubishi, Daihatsu, and Honda maintained their prices as they were in September.
In September, prices for Japanese brands had also increased, as Subaru added EGP 40,000 to the price of the Impreza high-end models, increasing it to EGP 280,000. The company had also added EGP 45,000 to the Forster model, increasing it to EGP 499,000, and EGP 10,000 to the price of its XV, bringing it to EGP 275,000.
Toyota had increased the price of its Fortuner by EGP 10,000, resulting in a total cost of EGP 430,000 for the 2700cc engine in September. The Corolla model had gone up by EGP 20,000, registering EGP 235,000, while EGP 43,000 had been added to Yaris, totalling at EGP 205,000. Toyota had also added EGP 19,000 to the price of Avanza, registering EGP 229,000, and EGP 20,000 to the price of Oris, increasing it to EGP 270,000.
Honda had added EGP 7,000 to the price its City, raising its first-line sedans to EGP 212,000 and its ‘highline’ class to EGP 237,000.
Mazda 2 had increased by EGP 1,000, reaching EGP 193,000.
Also last month, Nissan had increased the price of its Sunny by EGP 5,000 for sedan lines that come with automatic transmission, raising it to EGP 136,000. It had also added EGP 3,000 to the super saloon class . The price of Sentra had increased as well by EGP 5,000, reaching EGP 177,000 for the full option class.
Chery leads price increase of Chinese brands
Geely increased the price of its Pandino by about EGP 3,000 in October, raising the price of its manual transmission sedans to EGP 95,000, while the model with automatic transmission reached EGP 107,000.
Geely also added EGP 3,000 to the price of its XPandino, raising the price of its sedan class to EGP 117,000. Additionally, the company increased the price of the Emgrand 7 by EGP 6,000, raising it to EGP 122,500.
Chery added EGP 12,000 to the price of its Envy model, increasing it to EGP 115,500. The company also added EGP 13,000 to the price of Tiggo, increasing it to EGP 165,000.
Brilliance increased the price of its V3 by about EGP 40,000 before its introducing it to the market, raising its official price to EGP 190,000.
The prices of the Chinese brands in September also showed that Geely had increased the price of Pandino by about EGP 3,000, raising the price of its manual transmission line to EGP 92,000, while the automatic transmission version had reached EGP 104,000.
Geely had also added EGP 3,000 to the price of the XPandino, raising the price of its category A sedans to EGP 113,000. In addition, the company had increased the price of the Emgrand 7 by EGP 600, bringing it to EGP 116,500.
Chery had added EGP 2,500 to the price of its Envy, increasing it to EGP 103,500.
Brilliance, on the other hand, had maintained its prices in September as they were in August.
Prices of 85 European models change
Daily News Egypt’s tour in the market of European brands has shown that the prices of 85 models increased since early October. The tour included Opel, BMW, Mercedes-Benz, Seat, Fiat, Renault, Volvo, Peugeot, Citroen, Audi, Volkswagen, Skoda, and Mini.
Opel increased the price of its Corsa by EGP 4,000, raising it to EGP 193,000. It also increased the price of its Insignia by EGP 4,900, raising it to EGP 354,000. The price of Cascada went up by EGP 4,900, reaching EGP 479,000. The company’s Adam model also increased its price by EGP 4,900, reaching EGP 479,900. The price of the Meriva line jumped by EGP 1,900, registering EGP 249,900.
Volvo added an estimated EGP 20,000 on to the price of its S60, raising it to EGP 478,000. It also added about EGP 20,000 to the price of its XC60, raising it to EGP 610,000. The price of the XC90 also increased by EGP 140,000, reaching EGP 1.1m.
Mercedes-Benz added about EGP 75,000 to the price of the A200, raising it to EGP 455,000. It also added EGP 76,000 to the price of the B180, raising it to EGP 465,000. EGP 80,000 were added to the price of the B200, reaching EGP 438,000. The price of the CLA200 increased by EGP 105,000, the E180 by EGP 125,000, and the GLA200 by EGP 80,000. The price of the S400 has increased by EGP 336,000, reaching EGP 2.01m.
Citroen also raised the price of the C5 by an estimated EGP 30,000, raising it to EGP 330,000. The price of the C4 increased by EGP 10,000, reaching EGP 249,900. The price of the DS3 went up by EGP 29,000, the C-Elysee by EGP 10,000, the C4 Picasso by EGP 11,000, and the Grand C4 Picasso by EGP 10,100, reaching EGP 339,900. The price of the DS5 also increased by EGP 19,100, reaching EGP 412,900.
Fiat raised the price of its Linea by EGP 10,000, reaching EGP 148,000. The price of Punto increased by EGP 21,000, reaching EGP 147,000. The prices of the Tipo and the Doblò went up by EGP 5,000, and the Qubo by EGP 10,000. The price of the 500 increased by EGP 15,000, reaching EGP 240,000. The price of the 500X increased by EGP 10,000, reaching EGP 295,000, while the price of the 500C increased by EGP 20,000.
Renault also raised its prices. Duster by EGP 2,000 to register EGP 188,000, and Fluence by EGP 7,000, while both Logan with manual transmission and Logan with automatic transmission increased by EGP 3,000. The French carmaker increased the price of its Sandero by EGP 6,000, and Sandero Stepway by EGP 2,000 to register EGP 168,000.
Audi lifted the price of its A3 hatchback by EGP 69,000 to reach EGP 464,000, and A4 was increased by EGP 75,000.
Volkswagen also increased the price of Passat by an estimated EGP 35,000 to reach EGP 350,000, and Tiguan by EGP 70,000.
BMW also increased the prices of its cars by EGP 35,000-400,000, including I118, I218, I318, I320, I330, I340, I418, I520, I528, I535, X1, X3, X4, X5, and X6. The prices of Mini’s models also went up by EGP 26,000-70,000.
Peugeot, Jaguar, Skoda, and Seat maintained last month’s prices.
In a previous tour of the market in September Daily News Egypt found that prices for European models had as well increased.
Opel had raised the prices of Mokka by EGP 20,000 to reach EGP 310,000, and Astra by EGP 23,000 to register EGP 222,000. It had also added 45,000 on the price of Cascada to record EGP 475,000. The price of Insignia had risen by EGP 30,000 to EGP 350,000. The carmaker had also put EGP 15,000 on the price of Adam to register EGP 215,000, and EGP 23,000 on the price of Meriva to mark EGP 248,000. It had also increased the price of Corsa by EGP 4,000 to reach EGP 189,000.
Peugeot had raised the price of just one model: the 508 by EGP 30,500 to reach EGP 330,000. Volvo added EGP 50,000 on to the price of S80 and XC90 to record EGP 538,000 and EGP 960,000, respectively.
Citroen had lifted the price of C5 and DS5 by EGP 30,000 to reach EGP 289,800 and EGP 369,800 respectively; C4 by EGP 61,000 recording EGP 279,800; DS3, DS4, and C-Elysee by EGP 10,000; C4 Picasso by EGP 20,000; and C4 Grand Picasso by EGP 31,000 to reach EGP 329,800.
Fiat had raised the price of Tipo by EGP 25,000 recording EGP 199,900; Doblo and 500 by EGP 10,000 to reach EGP 164,900 and EGP 244,900, respectively; Qubo and X500 by EGP 20,000 recording EGP 154,900 and EGP 284,900, respectively; and the 500c by EGP 15,000.
Renault had also raised its prices. Duster, Fluence, Megane, and Logan with manual transmission were increased by EGP 5,000; Logan with automatic transmission by EGP 7,000; Sandero Stepway by EGP 7,000 to register EGP 167,000; and Sandero increased by EGP 3,000. The French carmaker increased the price of its Captur and Kadjar models by EGP 15,000.
Audi had increased the price of its A3 Hatchback car by EGP 50,000, causing the price to reach EGP 345,000, whereas the increase of the models of BMW had ranged between EGP 10,000 and EGP 60,000. The increases had affected models such as the, I118, I218, I318, I320, I330, I340, I418, I520, I528, I535, X1, X3, X4, X5, and X6.
Seat has increased the price of its Leon by EGP 22,100 reaching EGP 220,000.
Mercedes, Jaguar, Skoda, and Volkswagen kept their prices the same as the month before.
Picanto’s price exceeds EGP 150,000, Verna continues the race
Kia increased the price of its Carens model by EGP 4,000, where its first-class’ price reached EGP 299,000, and New Cerato increased by EGP 4,000, as its first class’ price reached EGP 223,000. Kia Rio increased by EGP 2,000, reaching EGP 208,000, whereas Picanto increased by EGP 2,000, reaching EGP 151,000 for its first-class cars.
The price of the Kia Soul increased by EGP 4,000, reaching EGP 244,000 for the first-class, and Kia Sportage and Ceed increased by EGP 4,000 as well.
Hyundai added EGP 12,500 on the price of its manual 2017 Verna, reaching EGP 120,500. The automatic version of the Verna model reached EGP 142,500, with an increase of EGP 17,000.
The price of I10 increased by EGP 17,000, as its basic price starts at EGP 124,500. Grad I10 increased by EGP 16,500, Elantra AD by EGP 21,000, and the Elantra HD by EGP 21,000, with a basic price starting from EGP 183,000.
Hyundai Accent’s price increased by EGP 19,000, starting at EGP 185,000, while Solaris increased by EGP 19,500, Tuscan by EGP 32,000, and Creta by EGP 18,000 with a basic price of EGP 253,000.
The Korean brands Kia and Hyundai increased their delivery prices over the last months.
Kia increased Carens’ price increased by EGP 36,000, so Carens’ class-A price registered EGP 219,000, while Rio’s price increased by EGP 24,000 to register EGP 206,000.
Picanto’s price increased by EGP 15,000 to register EGP 149,000 for class-A. Kia Soul’s price increased by EGP 25,000 to register EGP 275,000 for the high-line class.
EGP 36,000 was added to the price of Kia Sportage to register EGP 355,000 for the EX class, while Kia Ceed’s price increased by EGP 20,000 to register EGP 240,000.
Hyundai’s manual 2017 Verna model, increased by EGP 4,000 to register EGP 108,000 and Verna’s automatic model price registered EGP 125,500. The price of the manual 2016 Verna model increased by EGP 1,000 to register EGP 105,000 and automatic 2016 Verna Automatic model increased by EGP 1,000 to reach EGP 122,500.
Hyundai I10 increased by EGP 3,000 to start from EGP 107,500, while Grand I10’s price increased by EGP 4,000 to start from EGP 124,500.
Elantra AD’s price increased by EGP 6,000 to EGP 205,000, and Elantra HD’s price increased by EGP 3,000 to start from EGP 162,000.
The price for its Accent model increased by EGP 3,500 to register EGP 66,000, and Solaris increased by EGP 11,000, while the Tucson Hatchback increased by EGP 6,000, and Creta’s price increased by EGP 7,000 to start from EGP 220,000.
Lada increases Granta’s price, Poton remains set
Lada increased Granta’s price by EGP 6,000 to register EGP 102,000, while the Malaysian brand Proton kept its cars priced as they were last month.
The Malaysian brand Proton previously increased Gen 2 and Persona’s prices by EGP 15,100 in September, as the prices of both cars’ class-A registered EGP 175,000, and class-B registered EGP 169,000.
