28 February 2024

Egypt Vehicle Sales : 2023











Registrations were down 51% but it did rally somewhat toward the end of the year. I thought there must be a mistake but apparently there isn't otherwise I wouldn't have published the article. It is mainly down to the floating of the currency which has caused car prices to jump. Sudden shifts have that effect until pent up demand and acceptance takes over and a degree of normality returns. 

The 'Diff' column shows market share change, otherwise, the chart below would have been awash with yellow. The fact it is so green is due to the slump by Chevrolet. It went from nearly 18% market share to just over 11% in just one year. 

Nissan and Renault seem to have been major benefactors in improving market share but Suzuki has been hit hard. A few brands don't report but generally premium ones and commercial. Not a good year for car sales.

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