The Ministry of Industry and Mines on Wednesday revealed the prices set for cars assembled in Algeria as they leave the factories.
Algeria-based car dealerships have appraised the Ministry of Industry of the prices of locally-manufactured cars at the exit of the factory, with the pricing-related document showing that the latter starts from 114 million centimes in dinars for the Renault-Symbol 1.2 petrol engine, as a factory price, while it is estimated at 175 million centimes on the market, while the price of Hyundai (I10) is worth 153 million centimes, compared to 177 million centimes in the market.
The price of the Ibiza car (1.6) at the exit of the factory is set at 165 million centimes, against 219 million centimes in the market, and the Skoda Octavia with a capacity of two liters, is fixed at 249 million centimes, compared to 330 million centimes in the market, while the price of the Kia’s Picanto Ji-Yai as a factory price reaches 181 million centimes, while it is sold for 235 million centimes in the national car market.
Meanwhile, the Minister of Industry and Mines Mr. Youcef Yousfi announced earlier that the Government had ordered local manufacturers to provide car prices to monitor them as part of the Ministry’s investigation into the staggering hike recorded of late in the prices of vehicles in Algeria compared to imported ones.
The Minister has also confirmed the Government did not specify itself the prices of vehicles assembled locally, but the latter remain liable to control prices.