Official Reveals Who Is Exempt from Egypt's Latest Car Price Hikes

Montaser Zeitoun, a member of the General Division for Automobiles at the General Federation of Chambers of Commerce, has confirmed that the latest price increases hitting the Egyptian market may signal the start of a new wave, with hikes ranging from EGP 5,000 to EGP 150,000. The increases affected around 20 new models from MG, Hyundai, Chery, Changan, Daybai, and Haval, along with Skoda, Mazda, and Kia. The numbers are striking.

Why Are Car Prices Rising in Egypt?

Zeitoun attributed the increases to the rising cost of foreign currencies against the Egyptian pound and ongoing geopolitical tensions in the Middle East, which have made shipping and import insurance more expensive. He explained that continued pressure on import costs and exchange rates could force companies and distributors to revise their price lists in the coming period. The pressure is real.

Who Is Exempt from the Latest Car Price Increases?

Consumers who paid the full value of their car at the old prices won't be affected by the announced increases, according to Zeitoun, and will receive their vehicles at the agreed prices. That group is protected.

Buyers who have not paid in full may be affected, including those who reserved cars with a deposit or partial payment. Whether the new prices apply depends on the booking terms and the contract signed with the distributor or dealer — meaning each case hinges on its own paperwork.

What Does This Mean for New Car Buyers?

The hikes also covered 2027 model year vehicles launched at higher prices than the previous year's versions, putting buyers in a tough spot between immediate delivery at an older price and waiting for a newer model at a higher cost. The market is moving fast.

On Kia prices and Hyundai prices, buyers may find used-car alternatives that are less exposed to the current wave. But the bigger question remains: will the increases stop soon?

Zeitoun's remarks suggest that current conditions will keep pressuring prices unless currency rates and regional tensions improve. Clarity is needed before any purchase decision.