Cars Market Recovers In Algeria Despite The Ban on Consumer Loans

The sale rate of cars in Algeria has been increasing during the last three years, despite the government’s decision of cancelling consumer loans oriented to buying cars included in the complementary budget law of 2009.

French car maker Renault has maintained leadership in terms of sales, which increased from 20 886 cars in the first half of 2009 to 26 161 in the first half of 2010, and then jumped up to 32 352 in the first half of this year. Such figures highlight that the consumer loans were not a decisive factor in the car market in Algeria. 

The Korean giant Hyundai comes in the second spot, as it has back on track after the hard times it experienced during the first half of 2009, when it sold only 17005 cars, and then dropped by 30% to 10012, before managing to increase the sales to 22 698 cars  in the first half of this year. 

French automaker Peugeot has also recovered, as it managed to sell 18 839 cars in the first half of 2011, comparing to 14 423 cars in the first half of 2010 and 13 656 units in the same period of 2009. 

However, it seems that the Japanese giant automaker Toyota and the US-Korea Chevrolet are still unable to compete the three abovementioned brands. 

Toyota could not exceed the ceiling of 15 413 recorded in the first half of 2009, when the consumer loans were still in force. The sales dropped by about 30% in the first half of 2010, with 12 821 units, and 14 248 in the first half of 2011. 

Chevrolet is still trying to raise sales and reach the record of the first half of 2009 when 13 606 cars were sold, as only 10 870 units were sold in the first half of 2010 and 11 330 cars in the first half of 2011.