The passenger car market, there has been an increase of 11% compared to October 2011, in its overall sales 13376 units sold in October 2012, the the Automotive Market Information Council (AMIC) latest report shows.
The the AMIC report is expected to an annual increase of three percent of the overall passenger car sales in 2012, almost 138,000 units have been sold.
Ghabbour Automotive (GB car), Egypt's only listed car manufacturers, its market share dropped in October 2012 to less than 22% of its normal speed, due to a shortage of supply of modern month. During the year, the overall market share of 30%.
GB automotive supply problems affected, mainly because of a series of successful strikes, slow down the supply chain.
The modern management announced supply returned to normal levels in mid-October, which means that GB car will likely resume its normal market share in November and December.
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