The Automotive Division in Egypt has explained the reason for the delay in the launch of 2023 model cars in the country, saying that it is due to the economic crises that have happened one after another in the car market, both internal and external.
Montaser Zaitoun, Member of the Board of the Automotive Department of the General Federation of Chambers of Commerce, expects that the 2023 imported car model will not be seen, even in 2022. previous years.
Zaitoun said, “We will not see 2023 models and some agencies are offering 2024 models.
Member of the Board of Directors of the Automotive Branch of the General Federation of Chambers of Commerce, expressed his opinion that the closure of certified loans to date has led to the avoidance of import transactions, and they may be closed even if they are opened. At the beginning of next September, agents will have to wait for the necessary shipments to arrive for at least three months, which means it will arrive as early as next 2023, when dealerships must prepare to receive the new 2024 models in a few months.
Noting that the closure of documentary credits has caused a lot of turmoil in the Egyptian market, resulting in a change in the map used in recent years, he said, “The authorities are shifting about the main commodities and give up on cars. “
Source: Cairo 24
Source: Arabic RT
