Car Sales Show Signs Of Rising Consumer Confidence

Passenger car sales in Egypt grew 25% year-on-year (y-o-y) in October, according to data released by the Automotive Marketing Information Council (AMIC). The increase is seen as a clear sign of increased consumer confidence, particularly as high tariffs hike the initial outlay. Car sales rose to 16,212 units during the month, and led AMIC to project full year sales of 200,000 units, compared with 218,000 units in 2008.

To read the full article, please choose one of the following options: