Egypt Automotive Forecast Scenario

March 2006 | Industry Forecast

Consumer confidence has risen since its low point in 2002, when sales dropped 19.4% to US$678mn. The Automotive Marketing Information Council (AMIC) has failed to publish statistical surveys since mid-2005 and with local producers and retailers remaining guarded about sales and output figures. With an absence of data relating to the automotive industry and with no change to our economic growth or consumption patterns since the previous quarter, we have made no changes to our figures this quarter. We estimate that output grew by 4.6% to 71,810 units while sales rose 15% to 168,450 units. We forecast that sales will

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