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Chery and Geely acquire 97% of Chinese-origin sales - Daily News Egypt

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Chery and Geely acquire 97% of Chinese-origin sales

Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold. The competition was limited to two brands, Geely and Chery, six months following Chery’s entry …


Ghabbour Group has managed to keep control of the Chinese automotive market, acquiring 97% of its total sales. The brands Geely and Chery registered sales of 8,981 units over nine months out of a total of 9,255 Chinese-origin units sold.

The competition was limited to two brands, Geely and Chery, six months following Chery’s entry to the Egyptian market through Ghabbour Group.

Chery Tiggo maintained its lead by selling 3,296 units at a value of EGP 504m, followed by Geely Emgrand in second place with sales of 2,912 cars worth EGP 304m.

Chery Envy occupied third place by selling 2,766 cars at a value of EGP 291.8m, while Brilliance V5 registered sales of 256 cars at a value of EGP 40.2m. Geely Pandino occupied fifth place with sales of four cars worth EGP 339,000.

From January to July, Ghabbour also controlled the Chinese automotive market in Egypt, and acquired 96% of the market’s sales.

Competition was also limited to Geely and Chery, three months after the latter’s addition to the brands owned by Ghabbour group in Egypt: Geely, Hyundai, and Mazda.

Geely Emgrand 7 was the best-selling Chinese-origin mode, with sales of 2,167 units at a value of EGP 224m, followed by Chery Tiggo with 1,987 cars sold worth EGP 310m.

Chery Envy ranked third by registering sales of 1,616 cars worth EGP 163m, while Brilliance V5 occupied fourth place with sales of 224 cars worth EGP 35m.

Geely Pandino ranked fifth by selling four cars worth EGP 339,000.

 

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