In a recent note on the economic environment, we read that “there is a slowdown in registrations of cars in the domestic market since mid-2007, due to credit conditions.
According to this note, the number of registrations in Tunisia had reached its peak in early 2004 with the launching of the “popular car” plan which made it easy to the middle class to get a car thanks to lower taxes. After rising by almost 70%, the number of registrations fell the following year 2005 by 20% to keep on declining over three years .
Official figures on registrations of cars sold by the five largest brands in Tunisia provide yet another picture. Between 2007 and 2008, the figures highlight registrations rather stagnant. 27318 cars were registered in 2007 by the Ministry of Transport as 27 229 cars sold by the five major dealers in the country were registered in 2008
The drop is visible in the aftermath of registrations made during the past six years. For six years they increased from 15,277 registrations in 2004 to 22,920 in 2006 increasing each year by thousands of cars , reaching over 27 thousand cars last year.
Except for German cars whose sales have climbed a thousand units over the last year and the rafters’ brand whose sales increased by 400 units, registrations for the rest of the brands rather decreased, although by few hundreds.