20 Hrs
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الاقتصادية
Car prices in Cairo and Arab cities
The article explains that new car prices vary significantly between cities around the world. Singapore ranks at the top with the highest costs, where the average car price is about $156,200 due to laws limiting car ownership, such as the requirement for a Certificate of Entitlement (COE), which is currently close to $100,000. Following are Tel Aviv and Copenhagen, with substantial price increases over ten years, during which Moscow experienced the largest rise of 134%. Despite notable price hikes in some cities, the price of a car in Cairo remains around $34,600, which is much lower than in other cities, with only slight increases over the years. The article highlights that the car's price is a part of the total ownership cost, which is influenced by factors like the city and the type of vehicle, with annual operating expenses in the United States reaching approximately $12,863.
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