Latest in Tag: Opel Highlight

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Latest in Tag: Opel


Limited changes in car prices during March

A quiet state of calm prevailed over most car prices in March. The price moves were limited to a few models of Chevrolet, Hyundai, and Mitsubishi, ranging between a EGP 500 increase for the Verna to EGP 20,000 for the Lancer. Chevrolet, Renault, Ford, Toyota, Chery, Hyundai, and BMW had already moved their prices in …

Ahmed Amer

Car companies welcome 2018 with price halts

Most car companies started the New Year by keeping the prices of their models unchanged, thus ending some customer hopes of a price drop. Price lists show that market outlook will continue, after a sharp drop in sales in 2017, a 40% decline in sales compared to 2016. With the exception of minor adjustments to …

Ahmed Amer

Historic leaps in car prices one year after flotation

The prices of cars have witnessed aggressive changes since the liberalisation of the exchange rate starting in November 2016. Daily News Egypt detected the changes to car prices in the Egyptian market from before the Central Bank of Egypt (CBE) made the decision to float the Egyptian pound last year up until November 2017. The …

Ahmed Amer

Automotive companies fix prices after Automech Formula 2017 concludes

A number of car companies decided to fix prices after offering discounts at the Automech Formula 2017. The automotive market witnessed a rise in the price of a number of models. With the recession plummeting market sales, customers are waiting for discount offers in the coming period, for new car buyers, after the used cars …

Ahmed Amer

Automotive companies offer no price cuts in Ramadan

For the first time in years, car companies have not offered price cuts on their products during the holy month of Ramadan. Most car models’ prices remained unchanged, except Nissan, Hyundai, Chery, and Ford. Auto companies expect that the sector’s sales will fall due to the Central Bank of Egypt’s (CBE) decision to raise the …

Ahmed Amer

Nissan, Hyundai, Renault, Chery, and Opel witness price hike in May

The prices of Nissan, Hyundai, Renault, Chery, and Opel have seen an increase of up to EGP 30,000 due to the recessio0n experienced in the Egyptian market, while other companies managed to stabilise their prices in May. Despite the sale offers made by automotive companies in February and March, car sales declined by 46.5% in …

Ahmed Amer

Automotive market fails to control prices of 165 car models in October

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 …

Ahmed Amer

Low supplies cause car prices to rise in September

Coinciding with September’s deliveries, further price hikes have swept across approximately 137 models from all the well-known brands in the automotive market, registering record highs as a result of the price increases companies have put in place on newly imported shipments and the low supply offered in the market. These price hikes were registered for …

Ahmed Amer

Sales shrink due to pricing difficulties

Several car dealerships kept their prices unchanged from July to August, despite the turmoil that hit the automotive market when the US dollar exchange rate rose above EGP 13. Other companies chose to temporarily raise their prices. Distributors and traders also raised the prices to counter the increasing cost of imports. Chairperson of El-Saba Automotive …

Ahmed Amer

French, Spanish car sales rally, Chevrolet fades: Trade data

AFP – French car sales picked up strongly in March after a grim year for the industry in 2013, but volumes remained low, trade data showed on Tuesday. The figures showed that French carmakers, including struggling Peugeot, did well, but that sales by General Motors fell heavily reflecting a contested decision to withdraw the Chevrolet …

Daily News Egypt

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