Algeria has imported 299.041 cars in the last nine months of 2011, comparing to 241.991 units in the same period of last year; a hike by 23.5 percent. – Echorouk Online
If vehicular imports have spiked by 23.5 percent in a years time does that mean that vehicle manufacturing is down in Algeria i.e. lost jobs or the market is changing? Thank you Azzedine Ait El Hara for bringing this surprising news to the forefront.
Does this also mean that we are giving more money to foreigners somehow? Which types of cars are being imported and from where?
We found one piece of the puzzle on another news site which stated that “The auto market in Algeria has witnessed a decline of 24% in 2009 after the Algerian government’s decision to prevent banks from providing loans for consumption, especially in the car market. In addition it announced new taxes on the authorized dealers to adjust the car market, which has been very active and posted a significant rise in the value of imports.”
So it seems that the public can not purchase cars via bank loans as easily as they could before, not to mention the new taxes which will cost us more money for a car. Makes sense to just purchase an import and forgo the extra cost and inconvenience.
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