Massive Discounts on Asian Cars in Egyptian Market: March 2024 Price Reductions

Report by Amani Samir

Tuesday, April 16, 2024 04:00 am

In the past month of March 2024 there was a big wave of discounts in the Egyptian market on Asian cars, whether “Chinese, Korean, Indian or Japanese.” It started with Chinese cars, then Korean cars, then European cars, and finally Japanese cars. The first discount went to Southeast South cars at a rate of 8: 10% for their various models. Then they came across Koran or Torres Cars. Then they reduce their various models. In the same month, we found a new reduction for the same brand recorded in the first reduction category at around 450 thousand pounds, and the reduction in the highest category reached 650 thousand pounds.

Then Al-Mansour Company came to offer unprecedented official discounts on several models belonging to the two groups in Egypt, bringing the price reduction to 500 thousand pounds in one of the models.

In addition to the German Opel cars in Egypt, their price was reduced, so that the first category recorded the price before the reduction, one million and 350 thousand pounds, and after the reduction, it became a million and 50 thousand pounds share, the price before the reduction was one million, 550 thousand pounds, and after the reduction, it became one million and 225 thousand pounds, and the Opel Grand Land model 2024 has discounts between 400 and 525 miles this March.

Decline continues car prices With several agents for different brands, such as Al-Mansour Company, the Chinese MG agents in Egypt, officially announced that there was a significant reduction in the prices of its cars in Egypt in different proportions, starting from 170,000 to 260,000 pounds for the top model.

Modern Motors, Suzuki’s Indian agent in Egypt, made discounts on the “Fronex” and “Vitara” models, amounting to 350 thousand pounds.

Then the “Dynamex” Company, representatives of the Italian brand “Fiat” in Egypt, published the reduction in the prices of Fiat Tipo 2024 cars with a value between 300 and 325 thousand pounds, starting in March 2024.

Nissan prices saw another wave of declines before they arrived. In two days, there are big reductions for four models: Nissan Sunny, Juke, Sentra, and Qashqai, with a reduction between 250,000 and 350,000 Egyptian pounds.

The price of the Nissan Sunny model had reached one million and 200 thousand at dealers, but after the reduction now we find that the first category came at a price of 695,400 pounds, the second category at a price of 726,500 pounds , the third category at a price of 748,000 pounds, and the fourth category at a price of 761,000 pounds.

As for the Sentra model, the price of the first category was 999 thousand pounds, and the price of the second category was 1 million and 99 thousand pounds.

Regarding the Qashqai model, the price of the first category was recorded at one million and 406,500 thousand pounds, the second category was at one million and 411,500 thousand pounds, the third category was one million and 477,500 thousand pounds, and the fourth was divide one million and 482,500 thousand pounds.

Regarding the Juke model, the first category was priced at one million and 15 thousand pounds, the second category was at one million and 115 thousand pounds, and the third category was at a price of one million and 165 thousand pounds.

It should be noted that the wave of reductions seen by the automotive sector in Egypt from March 2024 is due to the improvement in the economic indicators of Egypt and the supply of dollar liquidity to various vital sectors, giving a- enter the product requirements section.