Political Risk Dogs Autos Recovery

Egypt's autos industry remains in the doldrums, with demand for new vehicles remaining depressed by a combination of both economic and political strife. According to figures from Egypt's Automotive Marketing and Information Council (AMIC), as cited by the Ahram online website in September 2011, total autos sales fell by 33% year-on-year (y-o-y) over the January-August 2011 period to just 111,108 vehicles.

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