Egypt’s second-hand car market in 2024 | PT Used Car

Egypt’s second-hand car market in 2024: Chinese cars become the mainstream choice, and Toyota hybrid models are hot-selling.

In recent years, Egypt's automobile market has shown an obvious trend: more and more people choose to import second-hand cars from China. At the same time, Toyota's gasoline-powered hybrid models have also gained wide recognition and hot sales in the Egyptian market.

First, let’s take a look at why the Egyptian market is so fond of second-hand cars imported from China. As an important automobile consumer market in Africa, Egypt has long faced the dilemma of insufficient automobile supply. According to statistics from authoritative organizations, although Egypt has a population of nearly 100 million, car sales in the entire African region are only 1.2 million, and Egypt's local automobile industry has not been able to meet market demand. As one of the world's largest automobile producers and consumers, China's second-hand car market has abundant resources and a variety of vehicle models, making it one of the main sources for Egyptians to buy second-hand cars.

Especially for second-hand cars that are affordable and have stable performance, Chinese brand models are very popular in the Egyptian market. Enterprises such as Chery, Geely, BYD, etc. have been deeply involved in the Egyptian market for more than ten years and have established a complete sales and after-sales service network to provide consumers with convenience and confidence. In addition, compared with imported new cars, the price of second-hand cars imported from China is more affordable and in line with the purchasing power and budget of Egyptian consumers.

The great progress made by Chinese car companies in the field of new energy is in line with the development direction of Egypt's energy transformation.
Meanwhile, the Egyptian government will implement a plan for Cairo's white taxis, which currently run on both gasoline and diesel, with the goal of at least (11,000) taxis per year (3% of the total) becoming electric, or oil-powered. Hybrid car. The target is 10,000 units per year.

At the same time, Toyota's gasoline-powered hybrid models have also achieved great success in the Egyptian market. This model combines the advantages of internal combustion engines and electric motors, which not only has good fuel economy, but also reduces environmental pollution. As the Egyptian government vigorously promotes energy conservation and emission reduction policies, Toyota's gasoline-electric hybrid models have become the first choice for consumers. Especially in the case of urban traffic congestion, the energy-saving advantages of gasoline-powered hybrid vehicles are more prominent and are favored by more and more consumers.

To sum up, second-hand cars imported from China and Toyota's gasoline-powered hybrid models have achieved good sales performance in the Egyptian market. With the continuous development of the Egyptian automobile market and consumers' emphasis on energy conservation and environmental protection, both types of models are expected to gain a larger market share in the future and bring new vitality to Egypt's automobile industry.