New or Used? Two Officials Disagree on the Best Time to Buy a Car in Egypt

Auto industry officials in Egypt disagree on the best time to buy a car. Ashraf Sharbas, head of the automotive division at the Giza Chamber of Commerce, says now is a good time to buy a new or used vehicle, as prices from most dealers and distributors are in some cases close to below the actual cost. But other voices in the sector prefer to wait until economic and geopolitical conditions stabilize. This debate comes as the US dollar has risen above 52 Egyptian pounds.

Why does Sharbas see now as an opportunity?

The first opinion sees the market going through a phase of activity in new offerings. Several models have entered the Egyptian market for the first time, along with moves by some companies and dealers to offer discounts and promotions to boost sales. These offers, according to Sharbas, make the buying decision clear during the current period, whether for those looking for a new Nissan or a used Toyota. Current prices may not last long.

Dollar pressure and shipping costs

Others point to variables that could push prices higher. The rise of the US dollar above 52 pounds pressures the cost of imported cars, as part of production components are imported. Toyota prices and other imported brands are directly affected by currency changes and transport and insurance costs. The return of tensions in the Red Sea region also increases shipping and insurance costs. That could impact the prices of locally assembled Hyundai and Kia vehicles due to higher imported component costs.

Should buyers wait or act now?

The question repeats among potential buyers. Is it better to accelerate the purchase before possible increases, or wait until market trends become clear? The first group sees current prices as an opportunity, especially with discount offers. The second prefers to hold off until economic and geopolitical conditions stabilize. There is no single decision that suits everyone. Those looking for a used Hyundai may find good options now, while those planning to buy a new Toyota may wait to see the dollar's impact on prices.

Economic and geopolitical variables play a decisive role in timing. The rising dollar and shipping costs raise the price of imported cars, while current discounts may be temporary. Nissan prices and Kia prices in the used market reflect these pressures. Anyone wanting a used Nissan or a new one should monitor the market closely.