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The car price increase increase the volume of Chinese car sales - Daily News Egypt.
The car price increase increase the volume of Chinese car sales.
The recent wave of car pricehikes raised the popularity of Chinese cars on the market, given their prices were 2- 2 lower other car brands, given the drop in sales in the automotive market 27.
The AMIC monthly report of the Council of Automotive Marketing Information showed that in November 2016, Chinese cars registered sales value of 1 EGP 8 billion, equivalent to12,000 cars between January and November.
Honorary President of AMIC Masrouga Raafat said the recent wave of hikeschanged consumer segments.
Masrouga told Daily News Egypt that consumers who used to buy classnow average cars tend to buy cheaper cars, which are representedin Chinese cars.
He explained that Egypt and China agree to do local currency business will givecars imported from China a competitive price agreement is the perfect solution to the crisis in the US dollar.
GB Ghabbour Auto acquired 96 8 sales volume ofChinese CARSIN the market.
Chinese brands Geely Cheryrecorded sales and approximately 11,500 units 11,900 units total sales in the Chinese market over 11 months in 2016.
Chery Tiggo maintainedits leading Chinese auto market by selling 4,322 units worth EGP 808m, followed by Geely Emgrand 7with sales of 3688 cars worth EGP 466m.
Sherry Envy ranked third with sales of 3536 carsworth EGP 472m, followed by Brilliance V5 with sales of about 355 cars that were equivalent to 55 EGP 7m.
Brilliance S30 came in fifth six placewith value EGP 588,000 cars.
The Chinese brand Geelyincreased the price of its first model class Emgrand 7 EGP 5000 to reach EGP 164,000 earlier this month.
Ghabbour Auto has reduced the price of Geely Geely X Pandino Pandino and EGP 5000.
Chery has increased its Envy model EGP 5,500 to reach EGP 153,500 and increased its Tiggo model by EGP 10 000 EGP to save 222000.
Brilliance maintained its unchanged V5 model price, which amounts to EGP 280,000.
The car price increase increase the volume of Chinese car sales Daily News Egypt, increased prices, sales boost.
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