The Clap
Amir Helaly, Chairman of the Importers’ Committee in the Automotive Division, said that car prices could increase by up to 25% during the coming period.
What
According to Helaly, the main reason for the increase is the sharp decrease in the price of the EGP, which will increase the value of the customs tariff.
So What
Customs tariff is a tax imposed by the state on goods that are imported from abroad, and since this tariff is in dollars, car companies will have to pay a higher tariff, which will lead to an increase in prices.
Now What
Helaly said that the most important step now is to increase the availability of dollars in banks because there continues to be a shortage of hard currency.
