Car Prices Will Go Higher in 2010

Posted by admin in Market on 01 19th, 2009 | 100 responses

I think so many people don’t understand that car prices will go higher very soon, specially the new models of 2010, just think about it by logic, the Egyptian government published in the public newspapers that the decrease process of cars importing fees will not start until 2010, and all what we hear in the market in nothing but roomers.

To be clear about that, lets say that the importing fees is at the average of 40% of any car price, and the decrease process will start by 10% of the importing fees in the first year, that means 10% of the 40%, that also means that if you wanted to buy a new brand car worth 100.000 Egyptian money, the price you will have to pay will be less by 4.000 only, and actually this thing happen everyday in the market by default, because prices sometimes go higher or less by 2.000 Egyptian bounds, so .. I can say this is nothing to put in mind while buying a new brand car.

By looking to the international car market, you will find that almost all major Autos companies has fired many employers and workers to reduce the expenses, and also reduce the number of cars production by year, so.. probably the new 2010 cars will reach the market by a higher price than everybody expect.

This lead me to say that the best time to buy a car is now! Otherwise no body will be able to pay for it at 2010.