Port Said Customs Auction Raises EGP 49.5 Million from 74 Cars
The Port Said Customs auction, organized by the General Authority for Government Services, sold 74 cars out of 98 lots, generating EGP 49,563,000. The auction is part of a plan to clear abandoned vehicles in Egyptian ports, featuring brands like Hyundai, Kia, Toyota, and Mercedes.
The General Authority for Government Services in Egypt has announced the results of the Port Said Customs auction, held on Thursday, August 13, 2026, at the Al-Hadarat Sports Club hall on Salah Salem Street. The auction generated EGP 49,563,000 from selling 74 car lots out of 98 on offer.
Auction Details and Sold Lots
Surprising results. Most lots found buyers, while 23 were rejected and one was confiscated. This auction represents a key step in clearing abandoned and damaged vehicles stored in customs yards at Port Said port, following presidential directives to monitor containers and idle goods across all Egyptian ports on a daily basis.
Top Brands Featured in the Auction
The lots included a wide range of used cars from global brands. Among them were Hyundai Avante and Tucson, and Kia K3, Morning Picanto, Forte Cerato, Soul, and Sorento. Also present were Daewoo Lacetti, Chevrolet Trax, Mini Cooper, Toyota Yaris, Mercedes, Skoda Octavia, and Honda motorcycles.
The local market is watching closely. This variety offers buyers a chance to acquire vehicles at competitive prices, especially given the growing interest in such public auctions. This move comes at a time when Egypt is working to better regulate the used car market and streamline the disposal of accumulated customs inventory.
Sources confirmed the process was fully transparent, with prior announcement of the auction date and conditions, which contributed to these positive results. The question remains how these auctions will affect secondary market prices, especially with popular brands like Toyota and Mercedes and Chevrolet being available.
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