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Follow on Google News | New Market Research Report: Egypt Autos Report Q2 2011Recently published research from Business Monitor International, "Egypt Autos Report Q2 2011", is now available at Fast Market Research
Moreover, BMI expects production to flatline in 2011 at 158,651 units, broadly steady with the previous year. Japan's Suzuki Motor announced that it restarted vehicle production at its plant in Egypt after a week-long suspension in February 2011 amid violent political protests. However, other carmakers chose to keep their facilities closed and even evacuated expatriate employees, creating uncertainty for North Africa's largest vehicle production hub. General Motors Company, which makes the Chevrolet Aveo and Spark small cars and the Opel Astra sedan in Cairo stopped production and removed its non-Egyptian staff. Germany's BMW took similar action at its plant in Cairo, where it assembles the X3 and X1 SUVs and 3, 5 and 7-Series sedans. Other companies such as Nissan Motor stopped all business travel to the country and took a 'wait and see' approach. Nissan produces around 10,000 units per year of the X-Trail SUV and pick-up trucks, which accounts for around 10% of the country's total output. The political upheaval is a massive setback for the autos sector. The Industrial Development Authority (IDA) recently proposed providing incentives to encourage investment in local production, which it says will help boost the industry and create jobs. BMI believes it would also help Egypt compete for new investment as other North African countries such as Morocco and Algeria look to increase production. While it will take time for Morocco and Algeria to catch up with Egypt at its current rate of output, any further expansion of auto output in the country is jeopardised by the political uncertainty. This could pave the way for these two countries to win investment - particularly with small-scale production beginning in the Gulf Co-operation Council. Egyptian automaker GB Auto argued in early March 2011 that commercial vehicle sales would be hit by declining tourism and a general economic downturn, which will hold businesses back from fleet purchases. BMI also believes that the change of administration following widespread unrest during the month could disrupt industry policy, which had previously been positive for the autos sector. The taxi scrappage programme, which aimed to take 50,000 old taxis off the roads by the end of 2010, contributed to double-digit growth for several major brands. A similar scheme for small buses was due to be launched in 2011, but this is now uncertain due to the political situation. Earlier in January 2011, the Ministry of Finance was considering a plan by the country's Industrial Development Authority (IDA) to award incentives for local vehicle production. While the IDA sees the proposal as a way to boost the industry and create jobs, BMI believes it is also a way of competing for new investment as other North African countries such as Morocco and Algeria look toward domestic production. Under the plan, the IDA will allocate EGP1.5bn to industry incentives over the next 10 years. In order to qualify, carmakers would need a local content level of at least 45% of their vehicles. IDA's chairman, Amr Assal, hopes the incentives, of around EGP7,000-8,000 per car, will not only reward those carmakers that already have a high localisation level, but also encourage those who import the majority of parts to switch to local suppliers. A long-term goal is not only to increase industry output but also create new jobs. For more information or to purchase this report, go to: - http://www.fastmr.com/ Report Table of Contents: SWOT Analysis - Egypt Auto Industry SWOT - Political SWOT Analysis - Economic SWOT Analysis - Business Environment SWOT Analysis Regional Overview Business Environment Ratings - Table: Middle East And Africa Business Environment Ratings Industry Forecast Scenario - Production and Sales - Table: Egypt Automotives Historical Data And Forecasts - Table: Egypt Automotives Historical Data And Forecasts Trade Macroeconomic Forecast Scenario - Table: Egypt - Economic Activity Competitive Landscape - Manufacturers - Passenger Cars - Commercial Vehicles - Suppliers Company Monitor SUV Demand Drives Chevrolet's Regional Growth Company Profiles - General Motors Egypt (GM Egypt) - Manufacturing Commercial Vehicles Company - Toyota Motor - Nissan Motor - Ford Motor - The Bavarian Auto Group Country Snapshot: Egypt Demographic Data - Section 1: Population - Table: Demographic Indicators, 2005-2030 - Table: Rural/Urban Breakdown, 2005-2030 - Section 2: Education And Healthcare - Table: Education, 2002-2005 - Table: Vital Statistics, 2005-2010 - Section 3: Labour Market And Spending Power - Table: Employment Indicators, 2001-2006 - Table: Consumer Expenditure, 2000-2012 (US$) - Table: Average Annual Wages, 2000-2012 BMI Methodology - How We Generate Our Forecasting Model - Sources About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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