New Market Report: Algeria Autos Report Q2 2016
New Transportation research report from Business Monitor International is now available from Fast Market Research
[ClickPress, Tue Feb 23 2016] Tougher import regulations and a slowing economy will continue to undermine the Algerian new vehicle sales market in 2016. We expect 3 .0 % sales growth for the secto r in 2016 , as demand picks up slightly, aided by the scheduled ending of a six-year government-issued ban on consumer lending. However, t his slight growth follow s a fall of over 30% in sales over 2015.
We expect total new vehicle sales to grow 54% over 2016-2020 to 335,000 units.
Total vehicle import levels are set at 152,000 units, down 50%, to boost local auto production.
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A number of reports suggest that Algeria is looking to ban all vehicle imports from 2017 onward.
Iveco and Iran Khordo have announced plans to establish local production facilities in 2016.
Renault retained market dominance in 2015 and Dacia held second place.
Renault Group had total sales of 90,182 units, increasing its market share to over a third.
The Algeria Autos Report features the latest data and forecasts covering production, sales, imports and exports.
BMI Research's Algeria Autos Report provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the automotives market in Algeria.
Benchmark BMI's independent automotives industry forecasts on Algeria to test other views - a key input for successful budgetary and planning in the Algerian automotives market.
Target business opportunities and risks in the Algerian automotives sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Algeria.
Assess the activities and market position of your competitors, partners and clients via our Competitive Landscape Analysis.
BMI Industry View
Summary of BMI’s key industry forecasts and views, covering production, sales and the introduction of new technology or products.
Industry SWOT Analysis
Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the autos sector and within the broader political, economic and business environment.
BMI Industry Forecasts
Historic data series and forecasts to end- 2019 for all key industry indicators (see list below), supported by explicit assumptions plus analysis of key downside risks to the main forecast, including:
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