DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/6f810d/algeria_autos_repo) has announced the addition of the "Algeria Autos Report Q4 2011" report to their offering.
Business Monitor International'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 Algeria's automotive industry.
Figures released by the Association des Concessionaires Automobiles d'Algerie (ACAA) show that 131,498 new cars were sold in Algeria in the first half of 2011 (excluding sales figures from the local BMW, Great Wall, Iveco and Mercedes-Benz dealerships). This strong performance bodes well for car sales reaching BMI's recently revised target of 278,895 units for the year as a whole.
Looking at individual marques, Renault remains by far the dominant player in the Algerian market, selling 32,352 units in H111 under the Renault badge (up 24% y-o-y) and a further 9,684 Dacia units (down 13% y-o-y). Taken together, this makes for a total of 42,036 units, or a market share of around 32%.
Behind Renault is Hyundai Motor, which has enjoyed a strong start to 2011. Hyundai vehicle sales stand at 22,678 units for H111, up by 57%. In third place is Peugeot, which has posted even stronger annual growth, of 73%, to reach 18,831 units. The top five is rounded out by Toyota Motor (14,248 units, up 11%) and Chevrolet (11,332 units, up 4%).
Beyond the current year, BMI would hope for continued upwards growth (of around 5% per annum) for vehicle sales, in line with a growing domestic economy. The report forecasts that the annual total new vehicle sales should surpass 338,500 units in 2015. Moreover, if local car production takes off as BMI expects, the report would anticipate making additional upwards revisions to the overall sales figures, as locally produced cars would likely be cheaper, thereby boosting domestic demand.
Renault remains the market leader in the country by a comfortable margin. The French firm, operating under its local sales and distribution subsidiary Renault Algrie, sold a total of 63,359 new vehicles in Algeria in 2010, inclusive of 44,786 vehicles under its main banner, and 18,573 vehicles belonging to the Automobile Dacia brand. This amounts to a combined market share of 28.5% of new vehicle sales in Algeria for the year. There is a considerable gap between Renault Algrie and the number two auto company operating in Algeria, Hyundai Motor. The Japanese firm sold 31,681 vehicles through its local distributor Hyundai Motor Algrie in 2010, giving it a market share of 14.3%.
In third place is Peugeot, which sold 22,839 vehicles in 2010, for a market share of 10.3%. In fourth place is Toyota Algrie, which sold a total of 21,389 vehicles (19,453 under its main banner, plus a further 1,936 Daihatsu models), for a market share of 9.6%, with Chevrolet rounding up the top five, with 2010 sales of 19,810 units giving the US car company a market share of 8.9%. This report includes a SWOT analysis for both Renault Algrie and Toyota Algrie.
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