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Tough times for car sales - The Diigo Meta page

www.almasryonline.com/...ARTICLE_EN - Cached - Annotated View

Hossam el-Hamalawy's personal annotations on this page

elhamalawy
Elhamalawy bookmarked on 2009-10-13 Cars Egypt Economy
  • Sales through the end of August fell by 32 percent market-wide compared to the same period last year, according to AMIC figures. Passenger cars in a government taxi-upgrade program represented roughly 10 percent of sales volume, but when these are removed from the equation, sales are found to have fallen by almost 40 percent.
  • "Most manufacturers will shut down," Gazarin said. "The cost of assembling in Egypt is still high due to the small quantities produced."

This link has been bookmarked by 1 people . It was first bookmarked on 13 Oct 2009, by Hossam el-Hamalawy.

  • 13 Oct 09
    elhamalawy
    Hossam el-Hamalawy

    Cars Egypt Economy

    • Sales through the end of August fell by 32 percent market-wide compared to the same period last year, according to AMIC figures. Passenger cars in a government taxi-upgrade program represented roughly 10 percent of sales volume, but when these are removed from the equation, sales are found to have fallen by almost 40 percent.
    • "Most manufacturers will shut down," Gazarin said. "The cost of assembling in Egypt is still high due to the small quantities produced."