Taxi Scheme Paves Way For Record Sales

Egypt's new vehicle market is back to pre-crisis levels, as the country's taxi replacement scheme boosts new car sales. Data from the Egyptian Automobile Manufacturers Association (EAMA) show vehicle sales of 144,018 units for the first seven months of the year, up 31% year-on-year (y-o-y). This puts the market on course to surpass BMI's full-year growth forecast of 12.6% and set a new record for annual

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