Recently Released Market Study: Egypt Autos Report Q3 2013
Car sales in Egypt rose 43%, to 17,463 units, in January, according to the latest data from the Automotive Marketing Information Council (AMIC). Sales of passenger car grew 39% to more than 12,000 vehicles during the month. However, the council said that many car producers and distributors are concerned over the coming period, as well as the whole year, as January sales were affected by the Egyptian currency devaluation. This came as the dollar increased by more than 10% since...
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