Rising New and Used Car Supply, Increasing Demand for Passenger and Commercial Cars Supported the Growth of Egypt Car Finance Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Government initiatives to support taxi drivers, concentration of banks on consumer financing, increased supply of fuel efficient and affordable cars have contributed to the growth of car finance market in Egypt. Egyptian financial services system is less developed in comparison to other countries. Awareness of the availability of financing options among the local inhabitants is minimal.New Car Sales in Egypt,Used Car Sales in Egypt,Car Loan Brand New Market,Cairo Average Loan Rate,Passenger and Commercial Vehicles Sales in Egypt,Auto Loans Terms and Conditions in Egypt Financial inclusion is not practiced within the country. Financing market is dominated by the state-owned banks that held a share of nearly 3/4th of the market in 2016 as against the private banks. They lag in efficiency as well as in terms of financial intermediation in comparison with the private banks that concentrates only in urban areas, due to which dealership financing has a significant importance in car financing in Egypt. The business of car rental between individuals and for business purpose is emerging and becoming increasingly popular in the country. While the car rental market of the country is still fragmented, the new internet based players like Uber and Careem are gaining popularity. These companies offer a high quality service, with cars usually being more modern and drivers more presentable compared with regular taxis, even though prices are typically the same or even lower. Owing to this the demand for car rental options from both retail and business clients are increasing. It is expected to increase the demand for commercial cars in the country thereby raising the demand for car finance. In Cairo, car is regarded as a key to comfortable urban mobility. Since purchasing a car in Egypt is expensive, people have regularly turned to Egypt’s rental car market. Buying and selling of cars online is gradually gaining importance in the country. People have started turning to online shopping for cars. Online players such as Egypt carshop, Hatla2ee and others provide the convenience of comparing the prices of different models to the customers. More customers are searching for a suitable car and a suitable financing product online instead of physically visiting the dealer. The report titled “Egypt Car Finance Market Outlook to 2021 – Stringent Regulations to Introduce Innovative Measures to Determine Credit Worthiness” by Ken Research suggested a positive CAGR in terms of credit disbursed in car finance market in the next 5 years till 2021. During the forecast period 2016-2021, the car finance market in Egypt is expected to display a decent growth at a CAGR of 3.8%. The rise in the price of new cars is expected to raise the price for used cars but at a comparatively lesser rate.New Car Sales in Egypt,Used Car Sales in Egypt,Car Loan Brand New Market,Cairo Average Loan Rate,Passenger and Commercial Vehicles Sales in Egypt,Auto Loans Terms and Conditions in Egypt . The demand for used cars is expected to augment amid the price hikes as the customers are expected to make the purchase as soon as possible expecting a further rise in the price. For further reading click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/loans-and-advances/egypt-car-finance-market/124560-93.html Related Reports by Ken Research UAE Car Finance Market Outlook to 2021 – Rising Car Finance Penetration and Multiple Car Finance Products Offered by Banks to Foster Growth India Car Finance Industry Outlook to 2020 – Driven by Spurring Car Sales and Reduction in Average Ownership Period Case Study-Premium Car Exchange Market in India- Focus on Audi, BMW and Mercedes with Concentration on Marketing Initiatives Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 Tags: Applying Car Loan in Egypt, Auto & Car Loans in Egypt, Auto Loans Market in Egypt, Auto Loans Terms and Conditions in Egypt, Cairo Auto Loan Market, Car Loan Brand New Market, Car Loan Market Competition Egypt, Car Loans Banque Misr Share, Car Loans Industry in Egypt, Egypt Auto Loan Market, Egypt Car Credit Market Future, Egypt Car Financing Market, Financing Schemes Car Loans Egypt, Interest Rate Car Loan in Egypt, Loan Disbursed Cars in Egypt, Market Share Car Finance Egypt, New Car Sales in Egypt, Top Egypt Car Loans Banks, Used Car Sales in Egypt