Where are car prices going? I wonder if they will increase next year in 2025 or will they decrease? Market experts see when is the best time to buy. Stay with us until the end and you will find out the details in this report.
Of course, we do not need to explain to you what the situation is now in the car market, because it is known that the crisis is continuing, prices have risen again, and the best price has returned. This is due to the import ban that was in effect from last August until the Central Bank decided to resume the import of cars, among 13 provocative goods whose import was prohibited for reasons. It was present at the time, and it rationalized the dollar with the exit of hot money, and of course this import ban created a gap between supply and demand in the market, and this gap was unfortunately increasing every day, and this is the reason for the record high prices of cars.
Ok, what is the situation in the car market now?
As we told you, the market is suffering from a major shortage in supply due to the scarcity of imports in the past period, and the Central Bank is still directing instructions to the banks to arrange currency to resume imports, and until the decision is implemented and the import cycle is completed, which does not take less than 3 months, the market will remain in a state of great thirst and prices. It will remain high and may decrease relatively, but it will remain high and will not decrease except when there is a large and tangible increase in supply. In market terms, the price of cars will remain high and expensive until the end of 2024, after which shipments will begin to fall on the Egyptian market.
So, what will happen to car prices in 2025?
As we explained to you, the market is very clear, and the whole issue is supply and demand, according to economic indicators and the expected improvement in all aspects of the Egyptian economy. This is what the recent international reports said, including the report of the Fitch Credit Rating Agency and the International Monetary Fund, which said that there were many dollar flows entering Egypt, and there will still be more flows. Whether from investments or from existing dollar resources, such as the Suez Canal after the end of the crisis… and because the dollar is the password for the continued import of cars, we can say that the car market is heading toward stability and a return to normal for many reasons, all of which are logical reasons.
To explain more to you, car distributors in Egypt, we see that the car market during the year 2025 will be in a positive state after opening car import financing to dealers. The dealers expect that the decision will lead to an increase in the supply of cars, thus eliminating the phenomenon of the dealer consumer and the overpriced, and the market will return to a state of balance from new.
Market experts also believe that car prices will not jump again during the coming period as was happening because the market was suffering from a recent period of stagnation, especially with the end of the summer semester and the start of schools, but the movement began to return to a gradual recovery starting this month, and it is expected to continue during the coming period. .
There are other important reasons that will restore stability and lower prices in the car market, which are the localization of the industry in Egypt and the expansion of car assembly activity. For example, there are 8 Chinese car agents that will start assembling new cars and models in Egypt with the arrival of 2025, and local production will increase with the entry of new companies, and this will contribute. In creating fierce competition in car prices, and the multiplicity of their models in front of the consumer, who will benefit from lower prices as a result of offers between these companies.
