Auto sales in Egypt plunge 76% YoY in February

Auto sales in Egypt declined 76.3% year on year (YoY) to 6,076 vehicles in February, compared to 25,602 in the same month of 2022, Al Mal News reported on March 30th, citing data by the Automotive Information Council (AMIC).

Passenger car sales dropped by 78.4% YoY to 4,263 units during February 2023, compared to 19,700 in February 2022.

Sales of buses decreased by 53.5% YoY last February, hitting 766 vehicles, compared to 1,649 units.

Meanwhile, truck sales fell by 75.4% YoY to 1,047 vehicles from 4,253 units.