Friday, 23 August 2013

Algeria Autos Report Q4 2013

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Algeria Autos Report Q4 2013
Aug 21st 2013, 00:00

Price: $ 1295  

H113 sales figures for the Algerian new car sales market continue to support BMI's long-held optimism towards the country. A total of 247,091 cars were sold over H113, representing an increase of 14.65% yearon- year. This puts the country well on track to hit BMI's forecast of 498,318 units for the full year. There are many reasons to be upbeat on the outlook for the Algerian auto industry. For one, BMI's Country Risk team is forecasting a strengthening of economic growth, from 2.2% in 2012, to 3.3% in 2013 and then 4.6% in 2014. Inflation should also remain under control, with consumer price inflation (CPI) for the capital Algiers coming in at 3.1% in April 2013, having averaged 5.2% over the first four months of the year. BMI forecasts CPI averaging 5.9% in 2013, a steep decline from 8.9% in 201 ...

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