The Egyptian Insurance Association: Licensing more than 196,000 owners cars in Egypt during the year 2020

The Egyptian Association for Compulsory Vehicle Insurance revealed the volume of angel cars that were licensed in 198 traffic units in the Arab Republic of Egypt during the year 2020, which reached 196,689 cars. Also, during 2020 the number of 559 cars of 2018 models and 7 thousand and 999 cars of the 2019 and 107 models were licensed. One thousand and 953 cars of the 2020 model and 80 thousand and 178 of the 2021 model.

It notes that in 2020 the licenses for new vehicles were suspended between March 19 and April 19 due to the precautionary measures taken by the Egyptian state against the spread of the Corona virus, and this caused the confinement of demand with the availability of supply, and this is evident from the great turnout for angel cars in the last quarter of 2020 As evidenced by the end of the inventory of cars of 2018 models in the September report, the month of December achieved the highest numbers and this was expected from the month of November that the demand for 2021 models became large and achieved in October 16,139 cars, November 19883 cars, until it reached 22201 cars in December. The 2019 models are nearing completion by the month of December, with only 186 cars being achieved, and we review the licensed cars during 2020 in detail as follows:

January: 12,787 angel cars were sold during January 2020, including 101 2018, 1550 2019 and 11,136 2020 models.

February: 16,344 angel cars were licensed, including 91 2018 model, 1,1214 2019 and 15039 2020 model cars.

March: 10,780 cars were licensed, including 44 cars 2018 model 685 2019 and 10050 model 2020 and one car 2021.

April: 4,719 cars were licensed, including 18 2018 and 304 2019 models and 4,397 models 2020.

May: The number of licensed cars reached 14,509, out of 57 of the 2018 model, 720 of the 2019 model, and 13,732 of the 2020 model.

June: 14774 cars were licensed, including 78 2018 models, 748 2019 models, 13581 2020 models, and 367 2021 models.

July: 17,695 were licensed, including 83 cars 2018 model, 1021 model 2019, 14965 model 2020, and 1626 model 2021.

August: The market absorbed 17,465 cars in August, including 87 2018 model, 647 2019 model, 10092 2020 model and 6639 model 2021.

September: 20623 cars were licensed, including 427 2019 models, 6874 2020 cars, and 13322 2021 cars.

October: 20,391 cars were licensed, including 253 2019 model cars, 3,999 2020 model cars, and 16,139 2021 model cars.

November: Traffic units licensed 22,635, including 244 cars 2019 model, 2580 model 2020, and 9883 model 2021.

December: 23,967 licenses were issued, including 186 model 2019, 1580 model 2020, and 22201 model 2021.

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