Algerian Vehicle Market in July 2023 booms 104.9% growing for the 3rd month in a row, with new registrations reaching 2,997. YTD figures at 14,243 are up 6.4% from the previous year.
Market Trend and Outlook
Algerian vehicle market in July 2023 booms 104.9% growing for the 3rd month in a row, with new registrations reaching 2,997. YTD figures at 14,243 are up 6.4% from the previous year.
Looking at cumulative data up to July 2023 brand-wise, Dacia ranks in 1st with 3,267 sales (-11.6%), followed by Kia with 2,446 registrations (+38.9%) and Chery with 1,598 units sold (+32.7%).
Seat rises 6 spots into 4th position with 1,328 total sales (+370.9%), in front of Peugeot at 1,138 (+43.1%), Toyota at 731 (+20.6%) and Audi with 530 new vehicle registrations (+35.2%).
BMW rises 3 spots into 8th with 380 sales (+48.4%), followed by Mercedes -up 4 spots- with 363 units sold (+51.9%) and Renault in 10th -down 4 spots- with 351 new registrations (-55.1%).
Looking at specific models the Dacia Sandero maintains leadership despite losing 11.6% in year-on-year sales, followed by the Chery QQ up 11.5%.
Medium-Term Market Trend
The Algerian vehicle market grew from 201,382 in 2010 to 298,043 sales by the end of 2013. In 2014 demand for light vehicles fell substantially for the following 3 years, dropping more than 50% to 99,481 in 2017. The market bounced back in 2018 rising up to 149,858 by the end of 2019.
The Covid-19 restrictions caused the vehicle market in Algeria to collapse 83.1%, down to 25,286 sales, the lowest levels of the previous decade.
In 2021 sales grew up to 30,178. In 2022 demand for light vehicles began to fall again, with the year projected to close around 23k (-22.5%). A combination of factors are behind the current industry struggle: restrictions imposed on light vehicle imports and lack of raw materials world wide, in particular for the production of microchips. Both of these factors have made it more and more expensive to buy a light vehicle in Algeria.