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A used car, often known as a pre-owned vehicle or a secondhand car, is one that has previously been owned by one or more retail owners.
Franchise and independent vehicle dealers, rental car companies, buy here pay here dealerships, leasing offices, auctions, and private party sales are among the places where used cars are sold.
The Algeria Used car Market accounted for $XX Billion in 2021 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Algeria imports used cars in response to the auto industry crisis. Due to the private sector’s dominance in the automotive industry, lower-quality cars are being sold for greater prices when compared to the quality and costs of the same brands in other nations.
In order to address the situation involving automobile assembly in the nation caused by court restrictions, the Algerian government is enacting legislation that will let people to import secondhand cars and trucks.
To bring order back to a sector that had degenerated into a farce under the Bouteflika administration, the cabinet is anticipated to ratify the law so that it is in effect at the start of the new year.
On suspicion of corruption, illegal immigration, and embezzlement of public funds, the courts have seized numerous car manufacturing and trading companies, and their owners have been imprisoned.
Due to the local private sector’s hegemony over the automotive industry, Algerian consumers are forced to buy lower-quality cars at greater prices than consumers in other auto-producing nations. Since the proprietors of many Algerian installation and assembly plants were taken into custody and importation activities were halted, the country has been in a serious predicament.
According to a government source, the government plans to bring back the former import system because the majority of the organisations in the automotive assembly sector did not produce a respectable return for the public coffers.
In addition to the lack of transparency in the production cycle and doubts over the invoicing of imported parts, official estimates set the rate of integration of the automotive assembly sector in the national economy at 10%, which is regarded as low.
