L’Expression: Nationale – Automobile market: recovery

From the end of the first quarter of 2023 or a little before, the automotive activity will be back in both manufacturing and distribution.

The first signs of a recovery in the Algerian automobile market are there. There is one who does not deceive; the President of the Republic, Abdelmadjid Tebboune, orders the publication of the specifications governing the activities of car manufacturers and dealers, with a deadline of November 17. Finally, the famous document, which had players in the automotive world and citizens on their toes, will be made public in the next few hours, thus sounding the end of a long period of waiting. Certainly, during the Council of Ministers that he chaired on October 23, the Head of State had already instructed to publish the famous document within a week. This deadline will thus have been exceeded. Never mind, because “putting an end, thanks to this text, to the old practices which had exhausted the citizens and the public Treasury” well deserved some patience. It was worth it. It’s the big click, and the recovery of an automotive market that will have been hit by a long dry spell, is announced.
Is it not that the latest events confirm this great start, starting with the ballet of the big bosses of world automobile brands who have set foot on Algerian soil. Let us recall here that the Prime Minister, Aïmene Benabderrahmane had received, last October, in Algiers, Carlos Tavares, CEO of the automobile group Stellantis, on a visit to Algeria on the occasion of the signing of the framework agreement on the development of the automobile industry and the construction of vehicles of the Italian brand Fiat in Algeria. To illustrate this tremor which bodes well for a certain recovery of the four-wheeler market, let us quote the latest statements by Minister of Industry Ahmed Zeghdar who, on the sidelines of the opening of the 7th edition of the International Exhibition of Subcontracting Algest 2022, which continues in Algiers until
November 17. Zeghdar, then noted that the market is experiencing an exceptional phase due to the lack of imports for more than four years, which has caused the problem of supply and demand. Above all, he added that the cost price of vehicles will drop due to the local production of inputs for these vehicles from raw materials and materials processed by public and private companies. What put balm in the heart of Algerian citizens who yearn to acquire a new vehicle. Suffice to say that the end of the car market crisis is coming very soon. Showrooms will be full of customers, car dealerships will have a wide range of offers, while the second-hand market will find its familiar benchmarks, with real prices and in line with the new deal that will not be missed. not to spoof the introduction of the less than three years. A category of vehicles which will see a significant lowering, even an abolition of import taxes, to the delight of buyers. At least that is what the nation’s deputies are calling for. The Fiat, Renault, Hyundai projects… which will certainly be followed by others, will breathe new life into the automobile industry, which will have known a real descent into hell due to the poisoned legacy of a recent past. In the following day, dealers with a representation contract for one or two brands and having met the requirements of the specifications, will be able to resume their import and distribution activity to the delight of Algerian motorists who will benefit a wide range of new vehicles, benefiting from a warranty contract and the availability of original spare parts and services at the level of after-sales service workshops. “From the end of the first quarter of 2023 or a little before, the automotive activity will be back in both manufacturing and distribution, which will lead to the creation of thousands of direct jobs and tens of thousands indirect. This tempting prospect will allow Algerian consumers, true car enthusiasts, to find the fairest prices, particularly on second-hand vehicles, the value of which has already begun to fall a few days ago…”, rightly notes title our colleague Carvision.

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