Global 6Wresearch Market Reports

Egypt Passenger Car Market Overview Egypt Passenger Car market witnessed a steady growth during 2017-18 however encountered a decline in 2019 owing to the volatility of the car market following the implementation of the Egyptian-European partnership agreement, the declining prices of the US Dollar against the Egyptian Pound and boycotting campaigns against cars. Further, the sudden outbreak of the Covid-19 pandemic resulted in supply chain disruptions in the beginning of 2020 but the sales of passenger cars increased eventually during that year in Egypt. The developing vehicle financing market has been fostering the sales of passenger cars accompanied by soaring population, growing disposable income, urbanization and ease of accessibility of credit and funding for passenger cars. In addition, the market is estimated to experience improved demand for passenger cars from the booming logistics and passenger transport sector. Government projects and policies are also affecting Egypt passe...