Algeria: Import of vehicles’ spare parts frozen

Automotive marketing agents received a new scathing blow on the part of the Association of banks and financial institutions, which required from all the country’s banks in an urgent meeting to freeze the import of spare parts for cars and industrial vehicles, after the government’s recent decision to halt for the time being the import of new cars from abroad.

These new regulations enforced of late by the Algerian authorities concerned have steeped the automobile market in Algeria into an unprecedented crisis, thus prompting many auto dealerships to freeze pending transactions with customers regarding orders for new cars and spare parts imported from overseas.

The newly-imposed ban on the import of cars has now extended to include imported spare parts for the first time in the history of Algeria. This unexpected development has upset greatly the different auto dealerships in their daily trading relationship with many customers eager to obtain new spare parts for the repair of various defects and accidents befalling their vehicles.