Friday 22 Nov

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Price hike hits over 20 new car models


Price hike hits over 20 new car models

The Egyptian car market continues to face turmoil due to supply and demand imbalances persisting for nearly two years. According to observers, Prices for 22 new car models have risen in the first week of September alone, reflecting the market's volatility.

The price increases, reaching 80,000 Egyptian pounds, affected a wide range of models, including family sedans, SUVs, hatchbacks, and crossovers.

Among the affected models were BYD F3, VCV, Chery Tiggo 3, Chery Arrizo 5, Chery Tiggo 4 Pro, GAC Empow, GAC Emkoo, GAC GS4, GAC M Zoom, Seat Ibiza, Seat Arona, Seat Leon, Seat Ateca, Seat Tarraco, Cupra Leon, and Cupra Formentor.