The global car crisis following the shortage of electronic chips threatens the production volume and thus the prices of cars and spare parts. For example, Toyota announced a 40% production cut last September. Experts in the car market confirmed that the increase in car prices between 5 and 10% is almost certain in the coming period.
Gartner Research estimated the value of expected losses in the automotive sector by the second quarter of next year to be around 61 bb due to the shortage of chips and the resulting increase in car prices and the cessation of manufacturing of up to a million cars this year alone.
The Friendycar platform offers a solution to this crisis, as it allows customers to easily and safely share their cars and additionally set the price and the rental period. It gives car owners full control over their cars.
What if you want to buy a car? Friendycar offers a fully electronic service launched in the United Arab Emirates in 2017 and Egypt in 2019 that reduces maintenance and insurance costs.
Friendycar offers competitive prices on long term rental programs in Egypt (from 3 months) where the Friendycar team is responsible for collecting all suitable options for the renter, in addition to full insurance that includes regular maintenance and expensive replacement parts.
Car rental through Friendycar is available through the mobile app or website. There are more than 1,000 cars available in different categories and models.
