Car prices expected to rise up to 20% by end of 2022 ...Egypt

EGYPT INDEPENDENT - News

Emerging economies including Egypt were affected by the Federal Reserve’s decision to raise interest rates last week by 0.5 percent, which caused a state of confusion in various markets, especially the car market in Egypt, as experts expect it to see a rise of up to 20 percent by the end of 2022. The auto market in Egypt witnessed a number of decisions recently, including decisions related to imports, and others issued by the Consumer Protection Agency which had a wide echo among car dealers in Egypt. The recent crisis of high car prices, which happened in a short period since the beginning of April, for different brands, was driven by local and other global reasons, Osama Aboul Magd, head o

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Last updated : 09 May 2022 clock 12:14 PM

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Car prices expected to rise up to 20% by end of 2022 ...Egypt

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