Amic April2010 Report

EGYPTIAN AUTOMOTIVE MARKET
AMIC APRIL 2010 REPORT
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1. Preface 2.. Local industry analysis 2.1. Total market 2.2. Passenger cars market 2.3. Buses market 2.4. Trucks market 3. Monthly news flash 15th to 15th 3.1. Egypt macro flash 3.2. Automotive industry local news clips
3 4 5 11 27 35 43 44 45
Integrated Management Consultancy (IMC)
AMIC Egypt Email: AMICEgypt@link.net
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1. PREFACE
The methodology, used in this report is mainly relying on the following steps:
* * * *
Gathering primary and secondary data from AMIC Egypt members. Validating missing data and cross checking of data from different sources Processing, Analyzing and presenting data in a useful way to AMIC Egypt members. Gathering Macro Economic and Automotive industry news from: Newspapers and other sources
Confidentiality Clause: This report as well as the attached Excel sheet are the Exclusive property of AMIC Egypt and its members and should not be reproduced or distributed to outsider parties. This report was prepared and developed by: Integrated Management Consultancy IMC, which is a Management Consultancy Office with specific areas of strengths in: * Marketing Specially Business to Business, * Human Resources Specifically in Learning Organizations, * Six Sigma Methodology - Manufacturing. * SME Upgrading and Training - World bank / Business Edge Partner * On the Job Coaching.
IMC
Rami Y. Camel-Toueg & Associates
22 RASHID ST. OFF EL OROUBA ST. 1ST FLOOR, SUITE # 6, 11341 HELIOPOLIS, CAIRO, EGYPT. MOBILE: + (2010) 19 757 11 TEL. /FAX: + (202) 2690 1472 / + (202) 2690 1476 / + (202) 258 4015 Email: IMC-Egypt@link.net
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2. LOCAL INDUSTRY ANALYSIS
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2.1. TOTAL AUTOMOTIVE MARKET

Total Market split April 2009 - April 2010 in volume
April 09
Buses, 1,384 , 9%
April 10
Buses, 1,420 , 7%
Trucks, 3,131 , 20%

Trucks, 2,885 , 15%
PC, 11,086 , 71%

PC, 15,036 , 78%
Passenger Cars Buses Trucks Total Market Volume
11,086 1,384 3,131 15,601
15,036 1,420 2,885 19,341
Total Market volume for the month of April 2010 was higher than April 2009 24% from 15,601 to 19,341 units. sales by 36% The Passenger cars segment had a volume increase of in units, when comparing April 09 to April 10; the Buses segment had a volume increase 3% , and the Trucks segment had a volume decrease of -8% of
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Total Market split YTD 09 YTD 10 in volume

YTD 2010
YTD 2009
Buses, 4,703 , 9%
Buses, 5,110 , 7% Trucks, 12,403 , 16%
PC, 39,169 , 71%
Trucks, 11,018 , 20%
PC, 59,595 , 77%
39,169 4,703 11,018 54,890
Passenger Cars Buses Trucks Total Market Volume 40%
59,595 5,110 12,403 77,108
Total Market volume for the YTD 2010 was higher than YTD 2009 sales by 54,890 77,108 to units.
The Passenger cars segment had a volume increase of almost 52% in units, when comparing YTD 2010 to YTD 2009; the Buses segment had a volume growth of 9% and the Trucks segment had a volume increase of 13%
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Total Market April 10 sales analysis in volume

20,569
19,647 17,551
19,341
19,616 19,536 15,376 13,148

15,601
18,944 17,711
19,756
20,414 18,723
15,931
10,765
2010 2009 2010 YTD Avg 2009 YTD Avg
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
This chart is developed in order to assist in giving a comparative view of current month results to all directly relevant previous results, which could have impact on future market performance projections and/or demand forecasts. This chart has been developed consistently for all 3 sectors. * * * * * April April April April April 2010 2010 2010 2010 2010 sales sales sales sales sales are are are are are higher than 2010 YTD average by higher than 2009 YTD average by higher than 2009 average by higher than April 2009 by lower than March 2010 by 0.3% 40.9% 12.9% 24.0% -6.0%
Performance in April 2010 is higher than the YTD 2009 average, April 2009, and the YTD 2010 average but lower than March 2010.
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Total Market YTD 2009 YTD 2010 by Origin in volume

41,628 35,480
30,145
24,745
CKD
CBU
YTD 09 YTD 10
CKD sales for Year 2010 are higher than Year 2009 by YTD 2010 to 2009 results. From another side, CBU YTD 2010 sales are higher by
43% 38%
when comparing
than 2009.
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Total Market by Brand YTD 2009 YTD 2010 in volume
Chevrolet Hyundai Kia Speranza

Nissan
15,269 7,623 2,902 2,279 4,718 4,523 3,908

3,309
20,318 17,031
6,976
Toyota Suzuki Mercedes Renault Skoda Volkswagen Mitsubishi

Proton
5,495
2,954 2,492 2,581 1,440 799 0 2,321
1,663 1,303 1,546 1,198 1,607 1,062 454

1,018 1,424
Daihatsu BMW Brilliance Auto King Long Honda Fiat Opel

Others
692 631 606 1,124 0 449 408 748 334 332 267 514 3,377 4,303 0 5,000 10,000 15,000 20,000 25,000
YTD 2010
YTD 2009
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Total Market by Brand YTD 2009 YTD 2010 in market share
Chevrolet Hyundai Kia Speranza Nissan Toyota Suzuki Mercedes Renault Skoda Volkswagen Mitsubishi Proton Daihatsu BMW Brilliance Auto King Long Honda Fiat Opel Others 0.0% 0.0% 4.3% 3.8% 4.5% 3.3% 2.6% 1.5% 3.0% 5.3% 4.2% 6.1% 5.9% 7.1% 10.0% 9.0% 13.9% 22.1%
26.4% 27.8%
2.2% 1.7% 2.8% 1.6% 2.9%
1.4% 0.8% 1.3% 2.6% 0.9% 1.1% 0.8% 2.0% 0.6% 0.0% 0.5% 1.4% 0.4% 0.6% 0.3% 0.9% 4.4% 5.0% 7.8% 10.0% 15.0% 20.0% 25.0% 30.0%
YTD 2010
YTD 2009
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2.2
April 09
PASSENGER CARS
April 10
1.5L~1.6L 59%
PC Market split April 2009 April 2010 in volume
1.6L~2.0L 3%
1.5L~1.6L 68%
>2.0L 1%
1.6L~2.0L 3% >2.0L 1% SUV<=2.0L 4% SUV>2.0L 3% <= 1.0L 0% 1.0L~1.3L 7%
SUV<=2.0L 4% SUV>2.0L 3% 1.0L~1.3L 7% <= 1.0L 3%
1.3L~1.5L 20%
1.3L~1.5L 14%
<= 1.0 L 1.0L ~ 1.3 L 1.3L ~1.5 L 1.5L ~1.6 L 1.6L ~ 2.0 L > 2.0 L SUV<=2.0 L SUV > 2.0 L PC Volume
279 805 2,238 6,510 285 159 449 361 11,086
<= 1.0 L 1.0L ~ 1.3 L 1.3L ~1.5 L 1.5L ~1.6 L 1.6L ~ 2.0 L > 2.0 L SUV<=2.0 L SUV > 2.0 L PC Volume 36% from 58.3%
42 1,005 2,097 10,304 393 131 578 486 15,036
For the month of April, the overall total PC market grew by 11,086 to 15,036 units. The main reason of this growth is due to the growth of 1.5L-1.6L by over the figures of April 2009.
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PC Market split YTD 2009 YTD 2010 in volume

YTD 09
1.5L~1.6L 52%
1.5L~1.6L 66% 1.6L~2.0L 3%
YTD 10
>2.0L 1%
SUV<=2.0L 5%
1.6L~2.0L 2% >2.0L 1% SUV<=2.0L 4% SUV>2.0L 3% <= 1.0L 2% 1.0L~1.3L 6%
1.3L~1.5L 22%
1.0L~1.3L 9%
SUV>2.0L 5% <= 1.0L 3% 1.3L~1.5L 16%
1,332 3,635 8,755 20,236 1,008 540 1,812 1,851 39,169
-31% -7% 9% 95% 27% 17% 38% 2% 52%
925 3,391 9,511 39,460 1,282 633 2,499 1,894 59,595 59,595
39,169 The overall total PC market grew by 52% from units to units. The main reason of this growth is due to the 1.5L-1.6L which has respective growth 95% over the figures of 2009. of
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PC Market April 2010 sales analysis in volume

15,670 14,938 13,951 15,402 15,036 15,759 16,212 15,265 14,407 12,558 11,665 9,313 7,105
11,086 15,473
14,681
2010
2009
2010 YTD Avg
2009 YTD Avg
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
* * * * *
April April April April April
2010 2010 2010 2010 2010
sales sales sales sales sales
are are are are are
higher higher higher higher higher
than than than than than
2010 YTD average by 2009 YTD average by 2009 average by April 2009 by March 2010 by
0.9% 54% 14% 36% 0.7%
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PC Market split by Origin YTD 2008 YTD 2009 in volume
36,766
YTD 09 YTD 10
22,829
24,936
14,233
CKD
CBU
CKD increased in volume by
60%
, and CBU increased by
47%
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PC Market split by Brand Origin YTD 2009 YTD2010 in volume

23,705
YTD 09 11,009 9,037

5,419 8,421 12,311
YTD 10
7,462
9,500
5,758
4,123 100
Europe Japan S.Korea Turkey 0 US
597 1,322
Asia China
* * * * * * *
European grew by Japanese dropped by South Korean grew by Turkish dropped by US increased by Asian increased by Chinese increased by
67% -11% 115.3% -100% 29.6% 121.4% 39.7%
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PC Market by Brand YTD 2009 YTD2010 in volume

HYUNDAI Chevrolet
KIA Speranza Nissan
7,591 8,645 2,902 2,279 2,402 753 2,321 3,487 4,718 6,976
16,729 11,601
RENAULT MERCEDES SKODA TOYOTA VW Proton Suzuki BMW

DAIHATSU MITSUBISHI Honda
1,682 1,116 1,663 1,346 2,285 1,292 1,483 1,062 454 979 893 692 631 688 1,024 449 996 408 748 334 329 295 714 267 514 258 182 -
FIAT BRILLIANCE OPEL Geely DAEWOO TOFAS Others
YTD 10 YTD 09
516
100 2,606 2,794
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PC Market by Brand YTD 2008 YTD2009 in Market Share

HYUNDAI
Chevrolet
21%
28.07%
24%
19.47%
8%
KIA
Speranza
11.71%
6%
7.92%
Nissan RENAULT MERCEDES SKODA

TOYOTA
5.85%
7% 2%
3.89%
3%
2.82%
0%
2.79% 2.26% 2.17%

1.78%
1% 6% 4%
VW
Proton
Suzuki
BMW
1.64%
3%
1.16%
2%
DAIHATSU MITSUBISHI Honda FIAT

BRILLIANCE
1.15% 0.75%
3%
3%
0.68%
2%
0.56%
1%
YTD 10 YTD 09
0.50%
2%
OPEL
Geely
0.45%
1%
0.43%
1%
DAEWOO TOFAS Others
0.00% 0.00%
0%
1%
4.37%
8%
0.00%
5.00%
10.00%
15.00%
20.00%
25.00%
30.00%
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PC Brands by Origin versus CKD & CBU YTD 2009 YTD2010 (Volume)
CKD
HYUNDAI
Chevrolet
2,112 6,957
5,535 4,766 2,246
Speranza Nissan MERCEDES BMW

JEEP
4,718
1,897
1,019 654
2,954
541 486 462 505 200 592 60 143

52 104 248 110
YTD 10
KOMODO MAHINDRA
BRILLIANCE Auto
* * * * * * * * *
Hyundai increased by Chevrolet increased by Speranza increased by Mercedes increased by BMW sales increased by Nissan increased by Komodo dropped by Mahindra decreased by Brilliance Auto dropped by
229% 16% 110% 56% 11% 56% -66% -58% -50%
Others
YTD 09
CBU
HYUNDAI
KIA
Chevrolet RENAULT SKODA TOYOTA VW Proton Suzuki DAIHATSU MERCEDES Nissan MITSUBISHI HONDA
2,902 2,321 753 1,663 1,346 2,285
5,479 6,976
9,772
3,879
6,066
SEAT
FIAT Geely BRILLIANCE Auto
454 979 893 688 1,024 663 462 533 505 449 996 408 748 362 120 334 329 258 182 243 610 184 512 151 145
1,292 1,483 1,062
YTD 10
YTD 09
* * * * * * * * * * * * * * * * * * * *
78% Hyundai grew by 140% Kia increased by 56% Chevrolet increased by 208% Renault increased by Skoda increased from Zero sales -41% Toyota dropped by -13% VW dropped by 134% Proton increased by 10% Suzuki increased by -33% Daihatsu decreased by 44% Mercedes increased by 6% Nissan increased by -55% Mitsubishi decreased by -45% Honda decreased by 202% Seat increased by 2% Fiat increased by 42% Geely increased by -60% Brilliance Auto dropped by Opel decreased by -64% 4% BMW increased by
OPEL
BMW Others
1,016
1,142
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PC Models market share by segment YTD 10 in volume

Speranza A113
Maruti
29% 16% 13% 7% 5% 4% 3% 2% 1% 1% 1% 19%

0% 10% 20% 30% 40%
77%
I10 Picanto
Spark
19%
2% 1% 1% 0%
0% 20% 40% 60% 80% 100%
ATOS Lancer
Alto 1.0L
PANDA Fiat Punto
Sirion 1.0
Sirion Jac A-138
Alto 0.8L
Yaris Perri
Others
Others
Segment <=1 L 925 Units
Segment From 1L to 1.3 L 3,391 Units
Chevrolet Lanos Chev Aveo 1.5 Verna Viva Passat 1.4 Rio Grand Punto FRV Avanza 1.5 Symbol
48%
24% 8% 5%
3% 2%
1% 1% 1%
CITY
Others
1%
8%
0% 10% 20% 30% 40% 50% 60%
Segment from 1.3L to 1.5L 9,511 Units
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PC Models market share by segment YTD 10 in volume (continued)
Verna 1.6 New Accent Elantra New Cerato Sunny1.6 New Carens OPTRA
17.4% 8.4% 8.3%

8.0%
7.5% 6.2% 6.1% 5.3% 4.8% 4.2% 4.0% 2.3% 2.2% 1.6%
1.3%
Cruze
LOGAN SEDAN Speranza A516 Oct. Fantasia
Matrix
Corolla NG 1.6 Getz C180
Jetta
Civic Gen2 Tiida Lancer 1.6 Persona VECTRA Focus Logan MCV MK Astra Others 0.0%
1.3% 0.9% 0.7%

0.7%
0.7% 0.6% 0.3%

0.3%
0.3% 0.1% 0.1% 6.5%

2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0%
Segment from 1.5L to 1.6L 39,460 Units
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PC Models market share by segment YTD 10 in volume (continued)

C250 CGI 318i Speranza A620 320i Sonata E-Class Audi A4 Galena Others
0% 10% 20% 30%
25%
17% 13% 12% 7% 5% 5% 5%
E 300
525i 750Li Sonata
42% 12% 6%
5%
S 350
525iE S 500 7-Series Town & Country 330i Accord 523i Others
5% 4% 4%
2%
3% 3% 2%
2% 12%
0% 10% 20% 30% 40% 50% 60%
36%
40% 50% 60%
-10%
Segment from 1.6L to 2L 1,282 Units

Tiggo 1.6
Segment >2L 633 Units

Cherokee 3.7 Prado X-Trail 24%
59%
24%
Terios Tiggo 2.0

Tiguan 1.4
11% 9% 8% 6% 4% 4%
2% 1% 1%
9%
3%
Komodo GLX Land Cruiser Mercedes GLK BMW X3 Komodo GL Santa Fe

Grand Cherokee Others 0% 20% 40% 60% 80%
Explosion 1.6
GRAND VITARA
1% 1%
1%
Scorpio GLX Tuscon Explosion 1.3 RAV4

Others 0%
1%
1%
1% 2%
31%
10% 20% 30% 40%
SUV< =2L 2,499 Units
SUV > 2L 1,894 Units
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PC by Model YTD 2009 YTD 2010 in volume (>800 cars)
Verna 1.6 Chevrolet Lanos

New Accent 1.6
2,064
3,579 3,304
6,855 4,586
1060 2,108
809
ELANTRA New Cerato

SUNNY
3,261 3,146
New Carens OPTRA

Cruze
159
2,954 1,897 2,440

2,008
2,392
191
886
2,109
1,896
LOGAN SEDAN Speranza A516 Oct. Fantasia

Tiggo 1.6
1,662 1,575
1,431
Speranza A113 AVEO 1.5

MATRIX
971 624 949 1,187 900 860 1,287 746 672 713 669 638 384 585 780 533 528 512 372 462 505 445 1,105 343 604 295 221 262 704 228 662 170 167 135 394 27 255 485 234 31 20 12,210
COROLLA NG 1.6 Verna Viva

Suzuki Maruti
GETZ 1.6 Terios

i10
Jetta CHEROKEE 3.7

Picanto
Civic 1.6 Gen 2

LANCER 1.6
Tiggo 2.0 LANCER 1.3

VECTRA
Yaris OCTAVIA A5
NUBIRA
YTD 10 YTD 09
New Passat LANOS 1.5

SHAHIN 1.4
Others
14,211
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PC YTD Volume by Price Segment

The following graphs show segmentation for the PC market according to Price segment in EGP. Both volume in units and market share in percentage are presented in seven segments:
- <= 50,000 EGP - >50,000 EGP ~ <= 70,000 EGP - >70,000 EGP ~ <= 100,000 EGP - >100,000 EGP ~ <= 150,000 EGP - >150,000 EGP ~ <= 300,000 EGP - >300,000 EGP ~ <= 500,000 EGP - >500,000 EGP
20000 18000
16000 14000
18,538 16,495 15,018
12000
Units
10000 8000 6000 4000

2000 0
50,000 - 70,000 70,000 - 100,000 100,000 - 150,000 150,000 - 300,000 300,000 - 500,000 >500,000 <=50,000
5,580 1,289 1,264
713
EGP
The above graph shows that the (50,000 EGP ~ 70,000 EGP) segment has the highest volume with 18,538 units, followed by the (70,000 EGP ~ 100,000 EGP) segment with 16,495 units. The least segment is the (<=50,000 EGP) with 713 units followed by the (>500,000 EGP) segment with 1,264 units.
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PC YTD Volume by Price Segment - Share
9%
2% 2% 1%
32%
50,000 - 70,000 70,000 - 100,000
26%
100,000 - 150,000
150,000 - 300,000 300,000 - 500,000 >500,000

<=50,000
28%
The above graph indicates that the (50,000 EGP ~ 70,000 EGP) segment has the highest market share with 32%, followed by the (70,000 EGP ~ 100,000 EGP) segment with 28%. The least segment is the (<=50,000 EGP) with 1% followed by the (>500,000 EGP) and (300,000 EGP ~ 500,000 EGP) segments with 2%.
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Taxi Project Sales
Total Taxi
2500
2028
2000
1777
1795 1633
1685
1573 1423
1500
1297
1355
1429
1000
441
500
363
141
0 Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10
Taxi Project Sales as Percentage of Total PC Sales
Percentage of Total PC
14.00% 12.00%
10.33%
13.17% 11.76% 11.12%

9.41%
11.28%
11.28%
10.00%
8.00%
8.81%
10.89%
9.08%
6.00% 4.00% 2.00% 0.00%

Apr-09 May-09 Jun-09 Jul-09 Aug-09 Sep-09 Oct-09 Nov-09 Dec-09 Jan-10 Feb-10 Mar-10 Apr-10 3.98% 2.43%
0.94%
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April 2010 Taxi Sales

100
90
87
80 70
60
50 40
30
46
20 10
0
8 0 Chevrolet / LANOS HYUNDAI / Verna 1.6 PEUGEOT / PARS SPERANZA / A516 0 SPERANZA / A113
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2.3 Buses
Buses Market split April 2009 April 2010 in volume
April 09
Transport Transport Maxi Maxi-City Tourism 1% 2% Maxi 2% Transport Midi 2% Transport Mini 6%
Tourism Mini 4%
April 10
Transport Maxi-City 0%
Tourism Micro 12% Transport Micro 43%
Transport Micro Micro 24% Transport Maxi 0%

Tourism Maxi 0%
Transport Micro Micro 48%
Transport Mini 15% Transport Midi 3%
Transport Micro 29% Tourism Mini 2% Tourism Micro 6%
Transport Micro Micro Tourism Micro Transport Micro Tourism Mini Transport Mini Transport Midi Tourism Maxi Transport Maxi Transport Maxi-City Buses Volume
336 159 591 23 212 46 3 2 12 1,384
683 81 412 62 84 22 24 17 35 1,420
When comparing April 2009 to April 2010, total Buses Segment increased by an 3% from 1,384 units to 1,420 overall of units.
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Buses Market split YTD 09 YTD 10 in volume

YTD 10 YTD 09
Tourism Micro 16% Tourism Micro 9% Transport Micro Micro 31% Transport Micro 31% Tourism Mini 2% Transport Mini 6% Transport Midi 1% Tourism Maxi 1% Transport Micro Micro 44% Transport Maxi 1% Transport MaxiCity 5% Tourism Mini 2%
Transport Micro 34%
Transport Maxi-City 0%
Transport Maxi 0%
Tourism Maxi Transport Midi 1% 4%
Transport Mini 12%
1,452 746 1,618 99 555 179 21 21 12 4,703
2,229 433 1,594 113 320 60 66 56 239 5,110
When comparing YTD 2009 to YTD 1010, total Buses Segment grew by an overall of 9% 4,703 units to 5,110 from units. Transport segments volume -29% . Tourism segments volume increased by decreased by 17%
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Buses Market April 2010 sales analysis in volume
1,783
1,420
1,133
1,119
1,384 1,319
1,141
1,337 1,154
1,087
1,092 880
774 881
1,004
751
2010
2009
2010 YTD Avg
2009 YTD Avg
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
* * * * *
2010 2010 2010 2010 2010
are are are are are
higher than 2010 YTD average by higher than 2009 YTD average by higher than 2009 average by higher than April 2009 by lower than March 2010 by
11% 21% 30% 3% -20%
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Buses Market YTD 2009 YTD2010 by Origin in volume

2,958 2,516 2,187 2,152
CKD
CBU
YTD 09
YTD 10
CKD increased by by -14%
35%
in volume against last year's volume; CBU decreased
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Buses Market by Brand YTD 2009 YTD2010 in volume

SUZUKI 1,831
1,452
TOYOTA
1,068 1,745
CHEVROLET
497
274
King Long
449 -
MCV/MERCEDES
371 122
BRILLIANCE AUTO
311
410
MITSUBISHI
270 218
NISSAN
162 309
HYUNDAI
100 32 YTD 10 YTD 09
Others
51
141
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Buses Market by Brand YTD 2009 YTD2010 in Percentage

SUZUKI
35.8% 31%
20.9%
TOYOTA
37% 9.7% 6% 8.8%

0%
CHEVROLET
King Long
MCV/MERCEDES
7.3% 3% 6.1% 9%
5.3% 5%
BRILLIANCE AUTO
MITSUBISHI
NISSAN
3.2% 7% 2.0% 1% 1.0% 3% 0% 5% 10% 15% 20% 25% 30%
YTD 10 YTD 09
HYUNDAI
Others
35%
40%
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Buses Models Market Share By Segment YTD 10 In Volume
Others 3% H-1 STAREX TQ 22% Toyota Hiace 43%
Mitsubishi L300 0%
Nissan Urvan 9% BRILLIAN CE AUTO 20%
Toyota Hiace 75%
Transport Micro Segment 1594
Tourism Micro Segment 433
Others 31%
MCV 240E 20%
GB CRUISER NGL\GB 23%
GM- NPR66L 23%
Transport Mini Segment 320
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Buses by Model YTD 2009 YTD2010 in volume
SUZUKI/Microbus
1452 1003 1647

449 311 410
1831
TOYOTA/HIACE
SXQ6500
BRILLIANCE AUTO
UR-VAN
151 256 96 31
72 156 65 98
YTD 10 YTD 09
Hyundai/H-1Starex TQ
GM-NPR66L
Toyota Coaster
MCV 240E
MERCEDES/MCV 600
63 48 27 17
27 96
GM-NQR 71R
GB Cruiser C1
55
722 1,014
Others
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2.4 TRUCKS
Trucks Market split April 2009 April 2010 in volume
April 2009
Light Trucks 9%
April 2010
Light Trucks 7%
Light Medium Trucks 14%

medium Trucks 0% Pickup 67% Heavy Trucks 5% Mini Pickup/ Van 3%
Pickup 60%
medium Trucks 0%
Heavy Trucks 3%
Mini Pickup/ Van 5%
Mini Pickup /Van Pickup Light Trucks Light Medium Trucks Medium Trucks Heavy Trucks Truck Volume
82 2,108 264 441 72 164 3,131
149 1,734 194 674 46 88 2,885
Trucks segment decreased by -8% , mainly due to Pickup segment decrease by -18% which has the highest contribution in volume.
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Trucks Market split YTD 09 YTD 10 in volume

Light Trucks 6%
YTD 09
Light Trucks 7%
YTD 10
Light Medium Trucks 15% Pickup 71% Medium Trucks 1% Heavy Trucks Mini Pickup 4% /Van 2% Pickup 65%
Medium Trucks 2% Heavy Trucks 3%
Mini Pickup /Van 5%
250 7830 712 1700 117 409 11,018
679 8111 690 2404 195 324 12,403
12.6% , mainly due to Pickup segment growth of by Trucks segment grew by 3.6% which has the highest contribution in volume.
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Trucks Market April 2010 sales analysis in volume

3,848
3,131
2,826
3,604 3,130 2,950
2,844 2,885 2,392 2,232 2,793

2,525 2,424
2,779
2,716
2,770
2010
2009
2010 YTD Avg
2009 YTD Avg
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
* * * * *
2010 2010 2010 2010 2010
are are are are are
Lower than 2010 YTD average by higher than 2009 YTD average by higher than 2009 average by Lower than April 2009 by lower than March 2010 by
-7.0% 4.7% 3.5% -7.9% -25.0%
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Trucks Market YTD 2009 YTD 2010 by Origin in volume
8,325
9,693
YTD 09
YTD 10
2,693
2,710
CKD
CBU
16.4% and CBU increased by 0.6% . However, CKD CKD increased by volume has much more influence on YTD volume than CBU.
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Trucks Market by Brand YTD 2009 YTD2010 in volume

CHEVROLET
8,220
6,350
895 1,465
TOYOTA
NIssan
874
1,197
MCV/MERCEDES
528 202 479 393 449 153 144 147 112 149
4 63 -
MITSUBISHI
JAC
SUZUKI
IVECO
VW
MAN
Others
698 899
YTD 10
YTD 09
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Trucks Market by Brand Market Share YTD 2009 YTD2010

66.3%
CHEVROLET
57.6%
7.2% 13.3%
TOYOTA
NIssan
7.0%
10.9% 4.3% 1.8% 3.9% 3.6%
MCV/MERCEDES
MITSUBISHI
JAC
3.6% 1.4%
1.2% 1.3% 0.9% 1.4%
SUZUKI
IVECO
VW
0.0% 0.6%
0.0% 0.0% 5.6% 8.2%
MAN
YTD 10
YTD 09
Others
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
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Trucks Models Market Share By Segment YTD 10 in Volume
Nissan Pickup S/C 11%
Others 4%
Others 14%
HILUX 11%
TFR SINGLE CAB 74%
CANTER 12% NQR 71 TRK 12%

NPR 66 TRK 62%
Pickup Segment 8111
Light Medium Trucks Segment 2404

IVECO AT720T42TH 1%
IVECO ADN410T42H 14% Others 37%
MERCEDES ACTROS 2040 8% MERCEDES ACTROS 3340 6% MERCEDES ACTROS 4048 S/L 9% MITSUBISHI MITSUBISHI FUSO HL 6%
MERCEDES 4048K-MPII 9%
MERCEDES 4140B 8% JAC HFCHT 2%
Heavy Trucks Segment 324
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Trucks by Model YTD 2009 YTD2010 in volume

6,046 Chevrolet TFR 1,482 1,087 873 4,793
Chevrolet NPR 66
Toyota/Hilux
1,436 Nissan Pickup S/C 297 300 Chevrolet/NQR 71 287 157

284 Chevrolet NKR55 864 916 Mitsubishi CANTER
248 JAC HFCL

246 57
YTD 10
151 266
Daihatsu V 118
YTD 09
Suzuki Pickup
98
144
JAC HFCM 86 67
46
Suzuki Van
3 Mitsubishi L200
4 VW Crafter 2 17
1 Nissan PickupD/C 234 Others 1,624
1,305
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-----------------------------------------------3. MONTHLY NEWS FLASH 15TH TO 15TH ------------------------------------------------
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_____________________________________ 3.1 EGYPT MACRO FLASH _____________________________________

PETROLEUM MINISTER TO REVISE ENERGY SUBSIDIES Source: Zawya, April 19, 2010 A senior government official indicated that the Prime Minister has asked the Minister of Petroleum to present several scenarios involving a reduction in subsidies on energy products within one month for review by the Cabinet, reported Al-Masry Al-Youm. The objective of the request is to reduce the size of energy subsidies, which are expected to reach LE 62 billion in the fiscal year, around 80 percent of total subsides in the budget. Diesel is currently subsidized by LE17.5 billion, or 52 percent of energy subsidies, butane gas by LE 7.7 billion or 23 percent of energy subsidies, gasoline by LE5.7 billion or 17 percent of energy subsidies and natural gas by LE1.6 billion or 4.6 percent of total energy subsidies, according to the newspaper as cited by Beltone Financials daily market report. The government is already planning to raise the prices of natural gas and electricity for non -energy intensive industries in July 2010. The move is not expected to have a significant impact on companies in these industries, but could raise average annual headline inflation from 11 percent to 13 percent. MINISTRY OF TRADE CHANGES EXPORT REBATE SYSTEM Source: Daily News, April 26, 2010 The Ministry of Trade and Industry has decided to start in July 2010 applying the new methodology for granting export rebates (also considered a form of subsidy) using a value-added-based system, reported local newspapers. The current system grants exports a percentage of their value in rebates, according to Beltone Financials daily market report. Different industries benefit from the export rebate system, including textiles and some manufacturing industries. The change in methodology aims to encourage the use of local components in production. The Export Development Fund, disbursing the subsidy, has a budget of LE4 billion. SUDAN CUTS TARIFFS BY 80% ON EGYPTIAN GOODS Source: Beltone, April 27, 2010 The Sudanese government agreed to implement the Arab Free Trade and COMESA free trade agreements on Egyptian products exported to Sudan, cutting customs rates on 53 Egyptian products by 80%, following three months of negotiations, reported Al Ahram newspaper. The products subject to the lower tariffs include vehicles, furniture, appliances, food products, textiles and apparel. The Sudanese government had previously exempted five products from customs duties in 2004, out of the 58 Egyptian products which it taxes. CHINA CURBS COMMODITY EXPORTS TO EGYPT Source: Arab Finance, April 27, 2010 China is taking steps to curb the shipment of goods to Egypt, according to the state -run General Organization for Export and Import Control (GOEIC) (link here). The move comes as part of a deal between Egypt and China aimed at imposing tighter control measures on the bilateral commodity trade, reported Al-Masry Al-Youm. GOEIC chief Mohamed Shafiq told the newspaper that China had halted the shipment of Egypt -bound cargos from July to December of last year. He went on to say that both sides had agreed that the GOEIC would be notified every six months about blocked shipments. Shafiq explained that, according to the terms of the agreement, goods exported to Egypt would be monitored by the Chinese government so that the latter could verify that all goods listed on shipping lists and those prepped for export were the same. This, he said, was in order to combat smuggling.
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______________________________________ 3.2. AUTOMOTIVE INDUSTRY LOCAL NEWS CLIPS ________________________________________

New Buses save 250 Million EGP
Al Sayarat -Al Ahram 7th of May 2010
Mr. Salah Farag, CEO of the public transportation body, have declared that the new buses which are operating in Cairo area will be saving 250 Million EGP over the coming 3 years which is representing 30% of the subsidy given to the transportation body which adding to a yearly amount of 690 Million EGP this year. He also added that due to the bad traffic situation in Cairo, the buses are only doing 6 rounds instead of 10 daily and transport around 3.2 Million passenger daily. He also added that the new buses, which are running, now are 200 units and another 300 units will be added in next October. Nissan Egypt celebrates 5 years in Egypt
Nissan Egypt is celebrating five years in Egypt by launching a large maintenance campaign from Saturday the 8th of May till Tuesday the 8th of June 2010. Knowing that Nissan Egypt is owning the only Nissan training center in North Africa. El Rawas and Mitsubishi
New negotiations round will be held between El Rawas and Mitsubishi Dubai, to re-discuss the possibility of renewing the agency contract after responding to the main request of Mitsubishi which is mainly renovating and maintenance centers.
Mazda is back to the Egyptian market with GB Auto
El Sayarat -Akhbar El Youm 8th of May 2010
GB auto is considered the exclusive agent of Mazda in Africa and the middle east. Mazda will witness a new era in the Egyptian market after signing the exclusive agreement with GB auto, which will assure after sales services through a new service center in Abu Rawash, few KM away from Hyundai after sales service center. In addition a hotline 16670 will be available to answer all client requests and questions 24 hours 7 days a week. A test Drive for Wrangler Unlimited 2010
El Sayarat -Akhbar El Youm 15th of May 2010
A test drive for Wrangler Unlimited 2010 in Sinai mountains area Wadi bawbaw which is blocked by rocks. For 6 hours over a distance of 10 KM covered with rough rocks and very difficult track the Wrangler Unlimited proved to be more than adequate for such very difficult tracks.
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45

Amic April2010 Report

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EGYPTIAN AUTOMOTIVE MARKET

AMIC APRIL 2010 REPORT

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

2. LOCAL INDUSTRY ANALYSIS

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

2.1. TOTAL AUTOMOTIVE MARKET

Trucks, 3,131 , 20%

PC, 11,086 , 71%

Passenger Cars Buses Trucks Total Market Volume

11,086 1,384 3,131 15,601

Passenger Cars Buses Trucks Total Market Volume

15,036 1,420 2,885 19,341

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Total Market split YTD 09 YTD 10 in volume

Buses, 5,110 , 7% Trucks, 12,403 , 16%

PC, 39,169 , 71%

Trucks, 11,018 , 20%

PC, 59,595 , 77%

Passenger Cars Buses Trucks Total Market Volume

39,169 4,703 11,018 54,890

Passenger Cars Buses Trucks Total Market Volume 40%

59,595 5,110 12,403 77,108

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Total Market April 10 sales analysis in volume

19,616 19,536 15,376 13,148

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Total Market YTD 2009 YTD 2010 by Origin in volume

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Total Market by Brand YTD 2009 YTD 2010 in volume

Chevrolet Hyundai Kia Speranza

15,269 7,623 2,902 2,279 4,718 4,523 3,908

Toyota Suzuki Mercedes Renault Skoda Volkswagen Mitsubishi

2,954 2,492 2,581 1,440 799 0 2,321

1,663 1,303 1,546 1,198 1,607 1,062 454

Daihatsu BMW Brilliance Auto King Long Honda Fiat Opel

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

Total Market by Brand YTD 2009 YTD 2010 in market share

2.2% 1.7% 2.8% 1.6% 2.9%

Integrated Management Consultancy (IMC)

AMIC Egypt Email: AMICEgypt@link.net

Tel. /Fax: + (202) 2690 1472 / 6

PC Market split April 2009 April 2010 in volume

1.6L~2.0L 3% >2.0L 1% SUV<=2.0L 4% SUV>2.0L 3% <= 1.0L 0% 1.0L~1.3L 7%

SUV<=2.0L 4% SUV>2.0L 3% 1.0L~1.3L 7% <= 1.0L 3%

279 805 2,238 6,510 285 159 449 361 11,086

42 1,005 2,097 10,304 393 131 578 486 15,036