Recently published research from Business Monitor International, "Algeria Autos Report Q2 2014", is now available at Fast Market Research
Boston, MA -- (SBWIRE) -- 02/24/2014 -- The outlook for Algeria's auto industry is mixed as we enter 2014. On the positive side, the start of production at Renault's new Oued Tielat factory in Oran province should prove transformative for the development of a local production and automotive supply chain. Moreover, Mercedes-Benz's own production plans involve the ongoing construction of three major industrial projects in Rouiba (Algiers), Ain Bouchekif (Tiaret) and Oued Hamimine (Constantine)'. These will produce commercial vehicles and engines.
However, the sales outlook for the country has deteriorated rapidly. For 2013, in the absence of any official data having yet been released by the local Association des Concessionaires Automobiles d'Algerie (ACAA), BMI has utilised data released in January 2014 by the local French-language Motors Magazine. These data cover just passenger cars and light commercial vehicles, and do not include any heavy commercial vehicles, trailers or buses. However, using these data enable BMI to break down the headline sales figure into passenger cars and light commercial vehicles, which provides greater clarity on the recent evolution of the Algerian new vehicle sales market than was previously the case.
View Full Report Details and Table of Contents
So, using these figures, we see that 2013 was a broadly stable year for Algerian new vehicle sales, with the final figure of 422,564 vehicles sold representing a 0.6% decline on 2012's figure of 425,226 units sold, according to Motors Magazine. Breaking down the headline figure, passenger cars accounted for 352,105 units of the total, with commercial vehicles making up the remaining 70,459 units sold in Algeria over 2013. The largely stable picture provided by the end-year figure masked a somewhat calamitous drop in sales over much of 2013, with only the strong Q113 and December 2013 performance making up for the losses in the intervening period.
Looking forward, it appears as though 2014 will prove a more challenging year for local car importers and dealerships, with the local Liberte newspaper quoting the President of the ACAA, Abderrezzak Lachachi, as stating that several dealerships will close this year.
One reason for the short-term pessimism is the fact that 2012, in particular, was a much stronger year than most observers had predicted. During that year, increases to public sector wages saw a sharp increase in demand for new vehicles, which was then not repeated after the end of Q113. As an example, Lachachi cites November 2012, which saw monthly sales increase by 80% year-on-year (y-o-y) and then November 2013, which saw monthly sales slump by 38% y-o-y.
About Fast Market Research
Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.
Browse all Transportation research reports at Fast Market Research
You may also be interested in these related reports:
- Argentina Autos Report Q2 2014
- Vietnam Autos Report Q2 2014
- China Autos Report Q2 2014
- Japan Autos Report Q2 2014
- Qatar Autos Report Q2 2014
- Brazil Autos Report Q2 2014
- Venezuela Autos Report Q2 2014
- Russia Autos Report Q1 2014
- Israel Autos Report 2014
- Saudi Arabia Autos Report Q1 2014
Copyright © 2005-2014 - SBWire, The Small Business Newswire - All Rights Reserved - Important Disclaimer
Contact Us: 888-4-SBWIRE (US) - 920-593-5640 (International)