Failing to be able to buy a new vehicle, due to their rarity, Algerians constantly have their eyes glued to the evolution of prices on the second-hand car market.
Unfortunately, in the numerous used car markets in Algeria, prices, which were already excessively high in recent months, are now exploding even more, leaving more than one potential buyer returning home empty-handed.
At the Tolga used car market, in the wilaya of Biskra, the owner of a 2002 Peugeot 406, with more than 200,000 km on the clock, received an offer of more than 3 million dinars, the equivalent of 12,000 euros, according to the exchange rate on the parallel currency market in Algeria. But he didn't want to sell. He wants more to sell his sedan which has no longer been manufactured by the French manufacturer since 2004.
« It doesn't seem like we're talking about a 22 year old vehicle. », remarked an Internet user. “ With a price like this, I can change country and I will have money left to buy this same model at a cheaper price », Estimates another.
Source : Facebook
Used cars in Algeria: unreasonable prices
At the same market, the value of a 2008 Dacia Logan with more than half a million kilometers on the clock was estimated at 1.75 million dinars. Its owner obviously didn't want to let it go, believing that his car deserves even more.
At the Tiaret market, an old Renault Scénic with more than 200,000 km on the clock was sold for two million dinars. Even its owner admits that the market “ is way too expensive », believing that his vehicle “ should not normally exceed 1.2 million dinars ».
@newsgathering Watch.. “The customs motorcycle has 200,000 kilometers to go.. It was sold today for 200 million.”.. Follow what this citizen from the #car market said ♬ Original audio – Izz al-Din Badlis Bin Bakir
At the Tidjelabine market, in the wilaya of Boumerdes, on November 2, a 2014 Volkswagen Polo, with more than 200,000 km on the clock, was estimated at more than 2.75 million dinars. Its owner plans to sell it for even more.
Used car market: “ Prices increased by around 500,000 dinars »
These are the tourist vehicles that are most in demand on the second-hand market in Algeria. In social networks, Internet users agree that a new outbreak has taken over the market in recent days. “ Prices increased by around 50 million centimes (500,000 dinars) », Estimates a commentator.
On the largest classified ads site in Algeria, Ouedkniss, the prices of used vehicles have grown. A 207 with 5,000 km on the odometer is offered for sale at 3.8 million dinars.
On the same platform, a 2019 KIA Picanto, with more than 110,000 km on the clock, is offered for sale at a price exceeding 3.25 million dinars. A symbolic Renault from 2019, with more than 150,000 km on the clock, is estimated at more than 3 million dinars. These vehicles are sold without any warranty.
Prices of used cars in Algeria: high demand and almost non-existent supply
While the importation of new vehicles seemed to be relaunched at the start of 2023, particularly with the arrival of the Italian brand Fiat, everything now indicates that 2024 will be a blank year for the automobile sector.
Although all eyes are on it, the Ministry of Industry and Pharmaceutical Production has still not ruled on the fate of the quota for vehicles for the year 2024 which has still not been granted while the he year is coming to an end.
In a written response to a member's question, the Minister of Industry and Pharmaceutical Production revealed that the decision was not exclusively the responsibility of his department, but that it also depended, and above all, on the green light from the high import regulatory council.
Thus, and in the shadow of a growing demand and a greatly reduced supply, apart from the few FIAT vehicles produced in Oran by the Italian brand, it is completely normal that the prices of used vehicles, become the only alternative for Algerian consumers, are soaring more.
While waiting for things to return to normal, which may take a long time, the average Algerian has the choice between vehicles made in DZ that are almost impossible to find, a bubbling second-hand market and the purchase of a car less than 3 years old from abroad which, beyond its grueling procedure, quickly discourages given the price of the euro which continues to rise.
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New for vehicles less than 3 years old imported into Algeria
