06:18 PM
Wednesday, December 14, 2022
Books – Muhammad Al-Rouby:
Hours ago, news spread on social media about the stopping of car sales, due to the auto sector waiting for a number of important economic decisions during the coming hours.
Montaser Zaytoun, a member of the Board of Directors of the Automotive Division of the General Federation of Chambers of Commerce, confirmed to Masrawy that the majority of the auto sector stopped the sales movement today, Wednesday.
Zaytoun added that the main reason for the auto sector’s waiting for the International Monetary Fund’s decisions regarding granting Egypt a $3 billion loan, on December 16, is its impact on currency rates and thus on car prices immediately.
Zaitoun added that a number of car agencies stopped pricing and selling cars today, until the situation stabilizes after the decision of the International Monetary Fund, and they informed the distributors of this, and therefore the major distributors stopped selling cars today.
Zaytoun denied that car showrooms not owned by major car distributors were affected, and confirmed their willingness to sell their cars today without any hesitation.
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