Egypt Autos Market Report Q1 2013

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Egypt Autos Report Q1 2013 Feb 6th 2013, 00:00 Despite the downgrades to our sales and production forecasts in Q412, we still believe there is growthpotential in Egypt.Egypt is the Arab world''s most populous state, with approximately 80mn people. It is the region''s traditionalcultural hub and potentially the leader of the Arab world. Car ownership in Egypt is low even comparedwith the standards of developing countries, at 32 cars per 1,000 people. This compares with 109 inneighbouring Algeria and 128 in China. Egypt also boasts a large youth population and is experiencing a''youth bulge'', according to US-based Population Reference Bureau, which claims one in five Egyptians isaged between 15 and 24, with on...

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