By Ahmed Amer
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Car sales recorded their aboriginal account abatement in over a year, with sales aftermost April abbreviating to almanac 21,700 cars, compared to 22,400 in April 2014, a abridgement of about 3%.
After accomplishing a abundant bang aftermost year by extensive 300,000 awash cars, the bazaar atmosphere was afflicted by assertive alien factors. Among those is the Central Bank of Egypt’s (CBE) decisions to ascendancy the dollar barter to advance the barter bazaar and absolute the dangers of atramentous market. Mercedes additionally appear its official abandonment from accumulating its models domestically, in accordance with the European Union Partnership Agreement.
Moreover, the Volkswagen and Audi abettor has banned to accelerate its after-effects to the Automotive Marketing Information Council (AMIC) back the alpha of the year. They attributed this to instructions imposed by the mother company. This was reflected on the absolute sales in allegory to aftermost year.
The bazaar recorded sales of about 14,800 commuter cars in April, compared to 15,200 in April 2014, with a abridgement of 2%, while buses sales added to ability 2,700 buses compared to 2,500 buses, with an access of 9%. As for trucks, they recorded abatement amounting to 12%, through affairs 4,100 trucks in allegory to 4,600 during the aforementioned aeon the antecedent year.
AMIC’s abstracts showed abridgement in the accumulated sales of the domestically accumulated cars in allegory to the ante of the aboriginal four months of aftermost year, area 44,300 cars were awash in allegory to 45,900 cars in the aboriginal four months of 2014.
The alien cars maintained their achievement through an access of 26.3% and sales of 49,600 cars in allegory to 39,300 during the aforementioned aeon of comparison.
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