Why second-hand cars are becoming people’s first choice in Egypt? Egypt is of the most populated country in the Arab world which is growing faster than other MENA countries leading to an increase in the target audience of the automobile industry. As per Ken Research findings, there are around 11 Mn licensed vehicles in Egypt, almost half of which are private cars and these numbers… Read More »
Availability of financing options and increasing smartphone and internet penetration are acting as catalysts for the Egypt Used Car Market – Ken Research 1. The Egypt Used Car Market witnessed a sharp growth rate in terms of Used Car Market Revenue with higher number of user’s decision to buy used cars. Egypt Used Car Market is currently in its growing phase and registered a CAGR of 5.9% in the period of 2016-2021. Buyer’s decision to buy used car… Read More »
Used Car Industry in Egypt is on a Rapid Growth Trajectory, generating a massive revenue with a few players dominating the Market: Ken Research 1. The used car industry in Egypt is expected to grow at a CAGR of 15.3%, with a few players dominating the majority of the market The market grew at a CAGR of 5.9% between 2016 & 2021 is expected to witness a growth of 15.3% between 2021 & 2026. The major growth drivers are… Read More »
Egypt Used Car Market Size, Trends, Outlook & Forecast: Ken Research Unorganised dealers dominate the Sales Volume in the Market: With majority of independent dealer in the country, the used car market is dominated by unorganized and Semi-organized dealers. Less-aged cars and popular brands with good resale value are highly valued by participants. Dealers are also increasing their online presence by listing their inventory on their… Read More »
Egypt Used Car Market – Growth, Share, Trends, Size and Forecast 2026: Ken Research Buy Now Pivotal Government Actions: With Egypt being one of the largest auto-fleet, the Government is playing pivotal role in development of used car sector. Car dealer’s welcomes the government’s plan to scrap old cars (over 20 years) will lead to a revival of sales movement, whether for new or used vehicles. The Central Bank… Read More »
Egypt Used Car Market – Growth, Trends, Covid-19 Impact, Size And Forecast: Ken Research Buy Now The report titled “Egypt Used Car Market Outlook to 2026 – Driven by Shift in Consumer Demand along with Growth of Online Used Car Platforms and Availability of Financing Options” provides a comprehensive analysis of the used car market and sales in Egypt. The report also covers overview and genesis of the industry,… Read More »
