مصر.. طلب متزايد على شراء السيارات رغم تضاعف الأسعار ونقص المعروض
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00:00 Sales of cars in Egypt continue to improve since last December, reaching its highest level in 2023.
00:10 This is the case of the car market in Egypt, which has seen a decline for many months, reaching its peak in mid-last year, before the sales increased slightly in the last two months of the year.
00:22 Despite the difference in the exchange rate in the two markets, which is the one that has reflected on the increase in the prices of cars and strengthened the market activity due to the many people buying cars to maintain their money value.
00:35 "I see that in the coming period there will be a very strong decline, because the prices will rise unjustly, and there will be a shock in the market, people will look at the prices that have stabilized, or the opposite will happen, there will be a fear of another rise, so there will be an increase.
00:54 But all indications say that there will be a very strong decline in the market as a result of the currency starting to fall in the market unjustly, and in some economic decisions this will affect the response to the currency, so the companies will start to work."
01:11 But at the same time, with the increasing geopolitical pressure that is arising from the crisis of foreign currency inflation in Egypt, the news are hesitating about the government's study of the stock of imported cars for personal use to limit the demand for foreign currency.
01:24 The reason is that the import rate of cars exceeds 4 billion dollars annually, which may raise the demand for the Egyptian car initiative abroad, which in the opinion of many is the driver of the market.
01:37 "In 2024, there will be very big challenges, and there is no alternative to local assembly of the companies that want to work in the market.
01:46 If we say that this is a state's approach, and not a state's approach, the import will be very difficult, and as you said at the beginning, the initiative is the only way in 2024 to import cars."
01:59 The data of the Car Market Information Council indicates that the sales of cars in Egypt have decreased on an annual basis in 2023 by about 49% compared to sales in 2022.
02:12 "The price increase did not prevent the increasing demand for the car market in Egypt.
02:18 The government has recommended that cars with personal belongings be stopped because of the crisis of foreign currency inflation."