NEW YORK, Dec. 31, 2015 /PRNewswire/ -- Executive Analysis of Algerian Passenger Vehicle Market : Car Sales will Increase to 406,897 Units by 2020 at a CAGR of 2.1%
Key Research Findings
The automotive market in Algeria has experienced significant growth as the economy has moved from a state-planned one to a market-based one.Automotive Market: Key Findings, Algeria, 2014
The Algerian market is dominated by premium hatchbacks such as Seat Ibiza and Peugeot 207. Entry-level sedans such as the Renault/Dacia Logan and Hyundai Accent have also found relative success in the market. In 2013, Algeria imported vehicles worth nearly $ Billion.
The automotive market in Algeria has experienced significant growth in recent years ever since the economy moved from a state-planned one to a market-based one, with maximum sales of vehicles in 2013.
Controle Technique (test to make sure that a car is fit to ply on the roads) is compulsory for passenger vehicles. The vehicles imported differ from those in their country of origin (for example, Mercedes Algeria does not have particulate filter on cars).
Installation of anti-lock braking system (ABS) and airbags has been mandated by the Algerian government and future legislations are likely to move along the lines of the European Union norms. The emission norms in the country are currently at a nascent stage.
The growth in the automotive market is likely to move away from the entry-level segment to the premium segment as people trade up. The lower end is expected to be dominated by manufacturers who benefit from tariff reduction because of some type of industrial activity in the market.
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