The first reports of new car sales in May began to arrive. They are, of course, joyless, although the amount of disaster is no longer the same as it was in April. The pandemic is on the decline, and many countries are gradually quarantining. For example, in France, demand, compared with May last year, dipped … Read more
Subscribe to receive economy news – – Osama Abu El-Magd, President of the Association of Automobile Dealers, said that the auto market suffers from a severe recession of up to 60%, due to the spread of Corona virus. Worldwide, 45% of production components are imported from China for all types of Japanese, Korean and German … Read more
economy Corona crisis The double disaster of the German auto industry – – As of: 4:24 p.m. | Reading time: 4 minutes – – – – Experts expect massive slump in vehicle sales – – The automotive industry has been hard hit by the Corona crisis. Experts expect a massive drop in sales figures. Automotive … Read more
03:36 PM Saturday 04 April 2020 – Books – Mahmoud Amin: Many car market customers are searching for entertainment and technology in the new car compartment. The feature of connecting smart devices to the car is one of the technologies and luxury that some people have become among the basic equipment of the car. The … Read more
Auto sales in the U.S. are falling in the first quarter as a result of the rapid spread of coronavirus, and the standstill is still pending. However, not only the local car manufacturers, but also the German industry leader Volkswagen, saw a drop in sales figures. Customers stay at home, dealers close: Like many other … Read more
11:16 am Wednesday 11 March 2020 – Books – Mahmoud Amin: The Egyptian International Company “EIM”, the exclusive agent of Hyundai International for Commercial Vehicles in Egypt, has announced the launch of a new model of multi-purpose transport vehicles and uses for the first time in the Egyptian market under the name (Solati H350), which … Read more
01:04 PM Tuesday 10 March 2020 – Books – Mohamed Gamal: Auto Group and Ezz Al Arab Automotive Group, partners of the Malaysia Proton Agency in Egypt, revealed discounts on its small sedan Saga this March. The agents approved discounts on the second-highest-equipped category equipped with automatic transmission, which is currently available in Egypt, at … Read more
2:58 PM Saturday 07 March 2020 – Books – Ayman Sabry: The first months of the current year 2020 witnessed the decline in the prices of many cars available on the local market, coinciding with the exemption of Turkish cars from customs and the amendment of price list agents. Despite the wave of cuts experienced … Read more
These also include luxury cars. Experts of the magazine “Behind the Wheel” named a list of cars that are the most difficult to resell in Russia. First of all, they noted the low liquidity of luxury cars. This is not due to the desire of wealthy people to drive a used car. It is noted … Read more
01:33 PM Sunday 23 February 2020 – Books – Ayman Sabry: Nile Trade and Engineering Company, a subsidiary of Al-Futtaim, the Japanese Honda brand agent in Egypt, has announced the introduction of a new version of the Honda Civic sedan. According to the local dealer, the new car is now available to Egyptian market customers … Read more