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 of Egypt (CBE) have unveiled an initiative to help car owners convert their cars to natural gas. The CBE has recently decided to raise the maximum instalments from 40.0% to 50.0% from a customer’s total fixed income making it easier to acquire loans and thus the possibility of more used and new car purchases.
Diffusion of advanced technology, Digital enablement and Additional Service Offerings: Vertical Platforms are giving buyers & sellers new ways to interact online & facilitate the buying decision by offering a plethora of options and focusing on user browsing experience. Online auto portals are expected to venture into Omni-channel experiences & offer varied services such as car subscription. Vertical marketplaces have the substantial advantage of fulfilling the needs of listed dealers as the quality of leads generated and the conversion rate is better due to the presence of more serious buyers.
Lack of Organized Sector Market Structure: Organized Sector poses a big challenge as they cover minimal used car market. The continuous lack of standards and regulations governing the industry can result in lower consumer confidence while buying pre-owned cars. High pricing on used cars by organized dealers also creates obstacles in generating sales as Due to higher prices on the multi-brand centres, local used car dealers are preferred over for used car purchases with affordable/comparatively less prices.
Ending the stigma of Used Cars Purchase: With increased awareness, consumers prefer purchasing certified used cars wheelers after complete quality & valuation check which will in turn increase the used car sales volume in future market. Further, with Dealerships offering warranty and service support, the used car market is now a reliable and trust-worthy option for first-time buyers.
Analysts at Ken Research in their latest publication “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’ by Ken Research observed that Egypt is an emergent used car market in MENA at rebounding stage from the economic crisis after pandemic. Accelerated millennials growth and increase in used car sales with seamless buyer experience is driving the used car industry growth. Collaboration among different partners and streams, tech-enabled services, are expected to drive the industry in the future. The Egypt Used Car Market is expected to grow at a double digit CAGR.
Market Structure by Market Size
- Organized Sector
- OEM Certified Dealers
- Local Multi-Brand Dealership
- Unorganized Sector
- C2C
- Independent Brokers
- Local Dealers
Key Segments Covered of Egypt Used Car Market
- By Type of Car
- Sedan
- Suv
- Hatchback/Economy
- By Manufacturer
- Hyundai
- Kia
- Nissan
- Toyota
- Chevrolet
- Fiat
- Mitsubishi
- Others
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- By Kms Driven
- 5,000-35,000
- 35,000-80,000
- 80,000-120,000
- Above 120,000
- By Age of Vehicle
- 0-2 years
- 2-6 years
- 6-8 years
- 8 years or more
- By City
- Cairo & Giza
- Mansoura, Delta. Suez Canal
- Alexandria
- Others
- By Source of Lead Generation
- Online
- Offline
Key Target Audience
- Used Car Companies
- OEMs
- Multi-Brands
- Online Used Car Portals
- Used Car Financing Companies
- Government Bodies
- Investors & Venture Capital Firms
- Used Car Dealerships
- Used Car Industry
- Used Car Manufacturing Companies
- Used Car Distributors
- Used Car Auction Houses
- Used Car Associations
Time Period Captured in the Report:
- Historical Year: 2016-2021
- Forecast Period: 2021–2026F
Companies Covered:
Major OEMs
- Automark Toyota
- BMW Pre-Owned & Mini-Cooper Approved
- Mercedes Benz Certified
- Volvo Selekt
- Porshe Approved
- Land Rover Approved
- Mesarati Approved
Major Multi-Brands
- Ellaithy Auto Groups
- Fabrika
- Elmasria Auto
- Abaza Auto Trade
Major Online Auto-Classifieds
- Hatla2ee
- Yallamotor
- Olx
- Opensooq
- CarSemsar
- Contactcars
Key Topics Covered in the Report
- Egypt Automotive Market Overview
- Egypt Used Car Market Overview
- Market Ecosystem
- Value chain Analysis
- Customer Buying Journey in Egypt
- Decision Making Parameters for Customers
- Offline and Online Business Models
- Detailed Analysis on Egypt Used Car Market (Market Size, 2021; Market Structure; Market Segmentations; Competition; Future Market Size, 2026; Future Trends and the Way Forward
- Snapshot on Online Used Car Platforms in Egypt
- Snapshot of Used Car Auction House in Egypt
- Snapshot of Finance Market in Egypt
- Business Opportunity (Customer Profile Analysis)
- Recommendations (Sales and Marketing Strategies, Positioning Strategies, Business Framework)
For more information on the research report, refer to below link:
Egypt Used Car Market Outlook to 2026
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