Daily News Egypt

Auto prices move slightly in October after Automech Formula - Daily News Egypt

Advertising Area



Advertising Area



Auto prices move slightly in October after Automech Formula

More horses, fewer change: bold moves


The Egyptian automotive market witnessed a slight price shift for most car brands for the second month in a row, estimated at EGP 2,000 – 50,000. It includes several BMW models, Kia, Mercedes Benz, Chery, and Hyundai.

Meanwhile, Opel, Ford, and Renault have barely seen any price changes since they have altered their prices just a few months ago. It came after the end of the Automech Formula exhibition held late September, during which several companies featured their new models, and withdrew others.

 

Toyota Camry in Egypt for astonishing price

During the Automech Formula, Toyota presented its Camry to the Egyptian market in one price category, but with a very hefty price tag of EGP 2.05m. However, Egyptians working in the Gulf single out the Camry for being a medium, reliable, and cheap car.

In Egypt, the Camry comes with a 4-cylinder, 2.5-litre engine, giving it a178hp at a maximum torque of 231@4100Nm/RPM, connected to an automatic gearbox.

At the same time, the first class of Toyota’s Fortuner has seen its price increase by EGP 40,000 to EGP 965,000. Last month, Toyota decreased the price of Fortuner class A by EGP 35,000 to EGP 1.1m. It also added EGP 10,000 to the price of the Auris to reach EGP 440,000 in the first class, and EGP 515,000 in its second.

Emgrand 7 with automatic transmission

Ghabbour Group launched a new version of Emgrand 7 under the name Imperial, in one price category: EGP 285,000. The company announced opening its doors for receiving pre-orders with a deposit of EGP 500, providing that the deliveries will be in November.

Imperial is powered by the same 4-cylinder, 1,500 cc engine with 102hp, but it is linked to a continuously variable transmission (CVT) system. The engine consumes 7.2 litres of fuel per 100 km.

The new version features a number of accessories, including a rear camera, rear parking sensor, driver and front passenger airbags, multi-function steering wheel, Bluetooth, 8-inch touch display, modified headlights, and some changes to the front bumper.

The Emgrand X7’s price has seen an increase of EGP 20,000 last month, up to EGP 315,000. This model comes in one category,y equipped with a turbine engine, and an automatic transmission.

Renault’s prices stable for the third month

Renault models’ prices steadied for the third consecutive month, after being changed in July by adding EGP 3,000 on the prices of several models. The price of the Logan starts at EGP 190,000, while the Sandero Stepway at EGP 255,000. Other models’ prices remained unchanged.

During the Automech Formula, Renault introduced the Zoe, which costs EGP 380,000 abroad (€18,500). The company, however, did not reveal when the car will enter the local market, or its official price here.

Kia’s prices move

There are several changes in Kia’s prices this month, especially the Rio, whose price reached EGP 280,000 in its first class, and EGP 334,000 in the second. The Soul’s prices also reached EGP 404,000 in its first class, while the Sportage’s lowest price registered EGP 454,000.

Kia moved its prices last month as well. The Carens’ price declined by EGP 30,000, while the Sportage’s second class increased by EGP 40,000. The Korean company also increased the prices of the Grand Cerato in September, starting at EGP 330,000 for the first class, EGP 355,000 for the second class, EGP 380,000 for the third class, and EGP 420,000 for the fourth, and highest class.

Mitsubishi prices steady

This month saw Mitsubishi’s prices unchanged. Last month, however, the Japanese company added EGP 5,000 on the prices of all Lancer’s classes. The Xpander’s prices also witnessed an increase in both its categories, up to EGP 375,000, and EGP 399,000. This was the second car to be introduced in Egypt following the Eclipse, whose price has increased in July, to reach EGP 440,000 in its first class, EGP 495,000 in the third, EGP 555,000 in the fourth, and EGP 575,000 in the fifth, and highest class. The price of the second class remained unchanged.

Stability of Nissan’s delivery prices after minor increases

All the prices of Nissan Sunny increased slightly in the last month. The car’s first class’s price increased by EGP 4,000 to reach EGP 219,000, the second class by EGP 3,000 to record EGP 230,000, the third class by EGP 4,000 to reach EGP 241,000, while other Nissan models’ prices were unchanged. The Nissan Patrol was introduced during the Automech Formula at EGP 3.7m, to become one of the 10 most expensive models in the exhibition.

Price hikes of BMW models

BMW saw an increase in the prices of most of its models for the second month in a row. The increase ranged between EGP 2,000 and EGP 77,000.

Last month, BMW increased the price of all X3’s classes: X3 30i X-line priced at EGP 1.375m, and X3 M40i reached EGP 1.65m. The BMW 8 series is expected to also witness an increase in its prices, after being exhibited at the Automech Formula last month.

Chevrolet’s prices remain unchanged

Prices of all Chevrolet models in Egypt remained unchanged for the second consecutive month. The last increase was in August, when the company added EGP 3,000 on the price of the Lanos, and EGP 2,000 on the second class of the Aveo. Chevrolet will soon announce the prices of its brand-new Malibu, expected to be released in the Egyptian market in the coming period.

Advertising Area


https://cdn2.dailynewsegypt.com/2018/10/09/auto-prices-move-slightly-in-october-after-automech-formula/
Breaking News

No current breaking news

Receive our daily newsletter
Subscribe