Thursday 14 Aug/2025 – 05:09 PM
Montaser Zaitoun, head of the Automobile Traders Association, revealed that 7 new factories for assembling cars and Chinese agents entered, to support and support the manufacture of Egyptian cars, in cooperation with the foreign private sector.
7 new factories enter the Egyptian market to collect cars
The head of the Automobile Traders Association continued to Cairo 24, that Car prices It decreased by a rate that started from 10% during the recent period, with the anticipation of the entry of the rest of the agents, amid the intensification of competition between international companies.
And Abizaid: More than 50% of imported cars during the last year hanging in the ports.
The prices of used and new cars in the markets recorded a significant decline during the last period, and this came due to the increase in local manufacturing and the localization of the auto industry in Egypt and the interest of President Abdel Fattah El -Sisi in deepening the automotive industry, cooperation with the private sector and international companies to increase the percentage of the local component, and maximize exports from manufactured products inside Egypt.
The prices of new and used vehicles decrease by 25% and expectations of new declines in the coming period
Osama Abu Al -Majd, Osama Abu Al -Majd, Deputy Head of the Automobile Division of the Federation of Chambers of Commerce, said in statements to Cairo 24, that the prices of new and used cars decreased by about 25%, and are expected to decrease in the second half of this year and record a decline by about 30%.
