Car companies announce that 14 models will not be available indefinitely

Five car companies, namely Cayan Egypt, Al Mansour Automobiles, GB Ghabbour Auto, International Trade and Agencies (EIT), and National Motors, have announced that some of their models will not be available for an indefinite period.

The list of unavailable cars included almost 14 models; These are Skoda Octavia and Karoq, Opel Grandland, Hyundai Tucson, Elantra CN7, Accent HCI, Creta, Bayonne, Staria, Kia Sportage, Grand Cerato, Exceed, Sorento and Eagle 580.

Shaaban El-Hawy, president of El-Hawy Automotive Trading Company, the authorized distributor of many brands “Hyundai, Chery, Changan, Citroen, and others”, confirmed that the total quantities and quotas provided by some local agents are very is limited, ranging from 3 to 5 vehicles. For some brands, he explained that the restrictions and procedures that the state imposed on import operations meant that local companies could not bring in any new shipments from international car companies.

Al-Hawi added that some car companies have notified some of their authorized distributors to stop delivering the quotas to be supplied due to their stock-taking, as well as their inability to contract to supply any new quantities during the current period to enter.

Tucson nx4e

He pointed out that the repercussions of the “Russian-Ukrainian” war negatively affected the supply and supply chains of raw materials and production components used in industries, including “cars”, which negatively affected production capacity, and a decrease in the number of models produced worldwide.

He explained that the automotive industry has been negatively affected by the repercussions of successive global crises, starting with the “Corona” pandemic and the shortage of raw materials, as well as the lack of globally produced and exported quantities of semiconductor “electronic chips” that reflect on the plans of international companies and the decrease in production capacity in their factories.

He added, “There are some car companies, including European ones, that may stop exporting their models to some foreign markets, including Egypt, in the event that these global crises continue.”

In turn, one of the authorized distributors of “Skoda” cars confirmed that the local agent of the Czech brand did not supply any models of “Octavia and Karoq” for several months, claiming that he was unable to any new shipments from the international company.

The distributor, who prefers not to be named, added that the quota provided by the local agent of “Skoda” is limited quantities of some models, including “Superb and Kodiak”, explaining that there are some distributors of the Czech brand is the one that benefited. of the crisis of the shortage of supplied quantities of “Skoda” models.” By imposing unofficial price increases on some models under the name of “overpricing”, with a value of more than EGP 150,000 per unit vehicle.

“Premium” means an additional amount approved on the official price of cars sold by distributors and dealers, in exchange for immediate delivery to customers, and not getting on waiting lists at local dealers.

Al Mad newspaper
Kia Sportage

In a related context, one of Kia’s authorized distributors has confirmed that the local agent of the Korean brand has not delivered any batches or quantities of some Kia models for almost a month.

He stated that despite the fact that the local agent of “Kia” announced the launch of the new models of the “Kia Sportage and the new Sorento” during the past week; However, there are some distributors who could not receive any stocks or quantities of these models.

It is worth noting that the International Company for Trade and Agencies “EIT” announced, through the price list issued for the current month of July, the absence of any models of the Korean brand, which “Sportage, Sorento, Grand Cerato , and Exceed” are. .”

The International Company for Trade and Agencies (EIT) also officially announced the launch of the new generation of Kia Sportage models, which were presented in 5 categories, with prices from 620 to 789.9 thousand pounds in the local market.

The Sportage model belongs to the SUV category, equipped with a four-cylinder engine with a capacity of 1600 cc turbo, which produces 180 “horses” and a maximum torque of 265 Nm, connected to a seven-speed transmission ” DCT”.

The International Company for Trade and Agencies “EIT” also introduced the completely new “Kia Sorento” models in two categories at prices starting from one million and 80 thousand pounds per vehicle.

The Sorento model belongs to the SUV category, equipped with two engines, the first four-cylinder 1.6-liter turbo and the other electric, with a power of 230 hp and a maximum torque of 350 Newton/meter, connected to a six-speed transmission.

In a related context, Mohamed Fathy, director of sales and purchases at the Abaza Motorway Company, revealed the tendency of some car dealers to gradually increase the prices of their models, despite their lack of availability in the local market.

He pointed out that there are many car companies that increase the prices of their models in the event of an increase in the value of the price increases imposed by distributors under the name of “overpricing”. This is in an effort to reap more profits and retain their profits, adding that there are some local dealers who price their vehicles based on the extent to which consumers accept the level of price increases within the local market.

According to statistics released by the Central Agency for Public Mobilization and Statistics, the value of Egypt’s imports of auto production components and parts decreased by 24% to $43.6 million during April last year, compared to $57.7 million in the corresponding period of the previous year. And passenger car imports increased by 53.4% ​​to 144 million and 75 thousand dollars during that period, compared to 309 million and 648 thousand dollars in the same comparison period.

The import of buses of all categories fell by 30.4% to one million and 11 thousand dollars, compared to one million and 452 thousand dollars.

Commercial vehicle imports also fell 43% to $23.4 million, down from $41.1 million.

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