Passenger Car Sales Increase 11% in October


News: Passenger car sales in Egypt rose 11% year-on-year (y-o-y) to 13,376 units in October 2012, according to Egypt's Automotive Marketing Information Council. The council has forecast a 3% annual increase in overall passenger car sales for 2012. However, Egyptian automaker Ghabbour Auto (GB Auto) registered a drop in market share below its normal rate of 22% during the month of October, owing to supply shortages from South Korean company Hyundai Motor.

This article is tagged to:
Sector: Autos
Geography: Egypt