Recovery of the Used Car Market Because of Dollar Rising

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Wednesday - 25 February 2015 - 12:17 AM

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Maj. Gen. Effat Abdul Atty Chief of Cars Division at Cairo Chamber of Commerce

 

expected that the used car market will witness this year a recovery,

 

although in 2014 witnessed a recovery in sales of new cars.

 

 

About 300,000 cars were sold because of the high prices of the dollar recently

 

against the Egyptian pound, and thus Sales Movement of new cars is affected,

 

and consequently the buyer preferred the used car markets.