Discover the Allure of the Increase in Volkswagen prices in Egypt.. Tiguan rises up to 75 thousand pounds on Biddex: A Closer Look

Published in

Thursday 26 December 2024

Increase in Volkswagen prices in Egypt.. Tiguan rises up to 75 thousand pounds

Volkswagen is considered one of the leading automotive brands globally, and it has gained significant popularity in the Egyptian market by offering a diverse range of models that combine high performance with modern design.

As 2024 comes to a close, the Egyptian Trading and Automotive Company, the authorized dealer for Volkswagen in Egypt, announced new price increases for the "Tiguan" and "Golf" models, stirring interest among car enthusiasts and potential buyers.

This report will outline the details of these increases, the specifications of the affected vehicles, the reasons behind the price hike, and its impact on the market.

Details of the Price Increase

Volkswagen announced price increases for several models, with the price of the "Tiguan" rising by 75,000 EGP, bringing the price of the R-Line model 2024 to 2,575,000 EGP.

Meanwhile, the "Golf" model saw an increase of 20,000 EGP, raising its price to 1,790,000 EGP. These increases come after a period of price stability, making them a focal point in the local market and raising questions about their impact on demand.

Specifications of the Volkswagen Tiguan

The "Tiguan" is a compact SUV that combines elegance with performance. The third generation of the Tiguan was introduced in June 2024, featuring an attractive exterior design and a spacious interior. The vehicle is equipped with a 1.4-liter four-cylinder engine capable of producing up to 152 horsepower and a maximum torque of 250 Nm.

Power is transmitted to the front wheels via a 7-speed DSG dual-clutch transmission, providing a smooth and responsive driving experience. Fuel efficiency is estimated at around 6.71 liters per 100 km, making it an economical choice for daily driving. The interior is equipped with a range of modern amenities, including an advanced entertainment system, a touchscreen display, and an integrated navigation system.

Specifications of the Volkswagen Golf

As for the "Golf," it represents one of the most popular sporty models in the hatchback segment. The Golf Life model comes with a 1.5-liter engine that delivers strong performance, along with an interior that combines luxury and practicality. The price of the Golf has increased from 1,750,000 EGP to 1,790,000 EGP, reflecting the recent increase of 20,000 EGP.

The Golf features modern technologies, including an advanced audio system, a touchscreen display, and a comprehensive safety system that includes emergency braking and blind-spot monitoring. It is considered an ideal choice for consumers looking for a sporty car that balances high performance with comfort.

Reasons for the Price Increases

These price increases are attributed to several factors, including:

Rising Production Costs: The automotive industry has experienced an increase in raw material costs due to global market fluctuations, which has affected the final prices of vehicles.
Economic Inflation: The Egyptian market is facing economic inflation that impacts consumers' purchasing power, prompting companies to raise prices to keep up with these changes.
Increased Demand for Cars: As the market recovers from the effects of the COVID-19 pandemic, demand for cars has risen, giving companies the ability to increase prices.
Currency Exchange Rate Changes: Fluctuations in exchange rates affect the cost of importing components and materials needed for car manufacturing, ultimately reflected in prices.

Impact of Prices on Marketing Strategies

Companies are adjusting their marketing strategies to cope with price changes. They may offer promotional deals or flexible financing options to attract customers. On the other hand, consumers need to carefully evaluate their options to ensure they receive the best value for their money.

Volkswagen remains a preferred choice for many buyers in the Egyptian market, thanks to the quality and performance of its vehicles. With the recent price increases for the "Tiguan" and "Golf," consumers face the challenge of adapting to these new prices.

As companies strive to navigate economic challenges, consumers must assess their options carefully to ensure they get the best value for their money.

Ultimately, Volkswagen is committed to delivering high-quality cars that meet the needs of the Egyptian market, reinforcing its position as one of the leading brands in the automotive industry.