Since the Korona and the Russian-Ukrainian war, the Egyptian auto industry has had a number of crises, and after the exchange rate was liberalised, there were forecasts of a further rise in car costs of at least 15%.
According to Montaser Zaitoun, chairman of the General Division of Cars at the Union of Commercial Chambers, the Egyptian auto market would see fresh price rises ranging from 10 to 15% across all brands.
He clarified that the auto industry is still very young and is entering a stage of inflationary recession, particularly given the volatility of prices and their increase to heights over the customers’ purchasing power barrier.
Given that Hyundai is the most well-known and popular automaker in Egypt, many people anticipated that the brand’s costs would rise generally.
Specifications for the 2023 Hyundai Accent
The Hyundai Accent RP 2023 features a four-speed automatic transmission, a 1600 cc engine with four cylinders, 156 Nm of torque, and 125 hp. It can accelerate from 0 to 100 km/h in 11 seconds and also comes with a variety of safety features, including an airbag system, corner sensors, and electrical side mirror controls.
Price of a Hyundai Accent RB in 2023
The following automobile prices were obtained from the local agent’s most recent update on Hyundai car prices:
Instead of the first model’s pricing of 338 thousand pounds RB, the model 2023 costs roughly 343 thousand pounds.
Specifications for the 2023 Hyundai Accent
The Hyundai Accent RP 2023 features a four-speed automatic transmission, a 1600 cc engine with four cylinders, 156 Nm of torque, and 125 hp. It can accelerate from 0 to 100 km/h in 11 seconds and also comes with a variety of safety features, including an airbag system, corner sensors, and electrical side mirror controls.
Price of a Hyundai Accent RB in 2023
The following automobile prices were obtained from the local agent’s most recent update on Hyundai car prices:
Instead of the first model’s pricing of 338 thousand pounds RB, the model 2023 costs roughly 343 thousand pounds.
After the Central Bank’s decision to hike interest rates, we anticipate a 15% increase in car prices.
About Author
