Egypt 2022. Hyundai Loses 60.4% Volume In Vehicle Market Down 35.3%

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The 2022 Renault Megane E-Tech
The 2022 Renault Megane E-Tech

Egypt’s vehicle market in 2022 totaled 178,644 new registrations, a 35.3% drop compared to the previous year. December reported 8,110 sales, the 13th consecutive monthly loss (-64.3%).

Market Trend and Outlook

The Egyptian vehicle market in 2022 totaled 178,644 new registrations, a 35.3% drop from the prior year. December reported 8,110 sales, the 13th consecutive monthly loss (-64.3%).

Looking at cumulative data from 2022 brand-wise, Chevrolet maintains first position with 24,825 sales (-40.0%), followed by Nissan at 24,013 (-10.1%) and Chery -up 4 spot- with 18,918 (+16.0%).

Suzuki jumps 2 spots into 4th accumulating 18,297 sales (+6.9%), while Toyota moves up a spot into 5th with 14,411 registrations (-43.9%), overtaking MG at 11,359 (-51.9%).

Hyundai falls into 7th spot with 9,958 sales (-60.4%), in front of Kia at 8,068 (-51.0%), Fiat at 5,993 (-56.8%) and BYD -up 2 spots- at 5,349 new registrations (-22.4%).