Suez and Port Said Customs Auction: Toyota, Kia, Hyundai, Mercedes Used Cars for Sale on October 15

Egypt's General Authority for Government Services, part of the Ministry of Finance, will hold a public auction on Thursday, October 15, to sell used car lots from Suez and Port Said customs. The auction features prominent brands including Toyota, Kia, Hyundai, Mercedes, Nissan, Chevrolet, Mitsubishi, and GMC. The sale will follow the terms outlined in the conditions booklet.

Auction Details and Venue

The auction session will take place at 12:00 PM at the Civilization Sports Club hall on Salah Salem Street, opposite Ain El-Sira Traffic Department in Cairo. Vehicles on offer include passenger cars and tractor heads, with various makes, models, and trims. The target audience is clear.

Participation Conditions and Deposit

To enter the auction, bidders must purchase the conditions booklet for EGP 400, available at the General Authority for Government Services headquarters in the Ministry of Finance towers, Ramses Street extension, Tower 2. This fee is non-refundable if no items are won. The authority has set a deposit of EGP 50,000 to enter the auction, with 30% of the lot value due immediately upon winning. The remainder within a maximum of 15 days from the auction date.

Corporate or entity participants must submit a tax card or commercial register, while individuals need only present a valid national ID card. These measures aim to organize the sale and ensure serious participation.

Used Cars for Sale in Egypt

This auction comes as many buyers seek affordable used cars, especially amid rising market prices. Such auctions offer a chance to acquire vehicles from trusted brands like Toyota Corolla or Kia Sportage at potentially lower prices. But bidders should carefully inspect vehicle conditions before bidding. The Egyptian market sees growing demand for used cars.

The session is expected to draw traders and individuals alike, given the variety of lots. Although final prices depend on bidding, the market value of these brands remains high. Traders are watching.