Car sales in Egypt surged by 47.3% during the first four months of 2026, reaching 64,500 units, according to the latest report issued by the Automotive Market Information Council (AMIC).

The report, released on Monday, showed that passenger car sales increased by 46% to 49,600 vehicles, compared with 33,900 units during the same period last year.

Bus sales recorded the strongest growth, soaring by 89.8% to more than 5,000 units, up from 2,600 buses a year earlier.

Truck sales also posted solid gains, rising by 36.7% to 9,800 units, compared with 7,100 units in the corresponding period.

On a monthly basis, total vehicle sales climbed by 24.3% in April 2026, reaching 15,300 vehicles.

The Egyptian automotive market had already experienced significant growth in 2025, with total vehicle sales rising by 69.94% to approximately 173,763 units, compared with 102,249 units in 2024, according to AMIC data.

Egypt currently hosts around 13 vehicle manufacturing companies with a combined annual production capacity of nearly 95,000 vehicles. In addition, nine new manufacturers are preparing to enter the market this year, with a targeted production capacity of 165,000 vehicles annually. Once operational, total locally assembled vehicle production could reach around 260,000 units, exceeding the government's target by approximately 160%.

The automotive market has also witnessed substantial price increases in recent months amid ongoing geopolitical tensions and supply-chain challenges. Official price hikes announced by distributors ranged from EGP 15,000 to EGP 500,000, depending on the model.

Beyond official price adjustments, the market has seen the return of the "overprice" phenomenon, with premiums ranging between EGP 20,000 and EGP 300,000 on certain high-demand models.

Market participants attributed the resurgence of overpricing to limited vehicle availability, as some distributors reduced inventory levels, suspended direct reservations for specific models, or temporarily halted sales altogether. This pushed consumers toward dealers and resellers willing to provide immediate delivery in exchange for additional fees.