I wonder where the prices of used cars are going to go in conjunction with the sales season in conjunction with White Friday and the end of the year.. What will happen in the coming days in Egypt until the end of this year.. When will we see prices stabilize or decrease, and is it possible for an equation to occur in the market to bring prices down again? ?.. Stay with us until the end and you will know the details
If we talk about the used car market in Egypt, we will find that it is the most popular because zero prices are always on the rise, and many people resort to used cars because their prices are a little more affordable, and also to make life easier for them, and it is a good thing that saves them from the crowding of transportation.
But in recent days, the Automotive Division of the Federation of Chambers of Commerce, spoke about the expectations of car prices in Egypt until the end of 2024, and said that they are stable now and will also be stable in the coming period, especially in light of the presence of noticeable activity in sales by the end of the year due to the reductions, and also due to the actual decline in sales. Prices of economical and used cars for most brands, and the imminent appearance of new models for the year 2025.
Therefore, it is expected that car prices in the new year 2025 will witness relative stability due to the provision of dollars to importers in banks, and this will contribute to opening the door to imports and increasing the supply of cars in the local market, and thus the availability of used ones and a decrease in their prices.
Since last October, the prices of used cars declined, but they stabilized in the current month of November, especially with the boom and activity in sales, and also more consumer demand for used cars. Expectations are for an increase in sales at the beginning of 2025, especially in January, for many reasons, including stability. Prices.
As for the prices of used cars in Egypt, they start from 50 thousand pounds, depending on the model and the condition of the car. Older models are lower in price, and the longer the car has been owned and used more, the lower its price in the used market. There are also used cars available Fiat model 2000. At a price of 100 thousand pounds,
In addition to this, there are international models that are now manufactured locally or inside Egypt, such as the Malaysian brand Proton car, and are included in the economic car category, and their production will begin locally at the beginning of 2025, so it is expected that this step will contribute to achieving a balance in the car market. Egyptian cars will fill the gap with the lowest-priced cars in the market, because this car will compete with the Nissan Sunny and BYD models.
Before you buy used, we will tell you some advice to ensure a sound purchase and that your money is not wasted. The first is that you must collect good information about the Arabic you intend to buy, and it is best to take someone with you who understands vehicles to ensure its quality and test it well. If you like the Arabic and it turns out to be suitable for you, don’t forget. You make an official contract for the buying and selling process and it is documented by government agencies, and this is to guarantee your rights.
Try to buy from a well-known and trustworthy place with a good reputation, and do not forget to authenticate the Arabic papers as soon as possible, to guarantee your rights and your money at the same time.
