The Moroccan automotive market recorded close to 170,000 new registrations for 2018, an increase of more than 2% compared with 2017. Overall, the sale of second-hand vehicles has stabilised, with 450,000 transactions carried out per annum.
As a result, in order to support their expansion, the manufacturers have all established partnerships with financing companies.
In 2018, more than 50% of new purchases were therefore promoted by credit solutions.
One can also see the emergence of a segment for electric and hybrid vehicles, in a market that is still 97% dominated by the diesel engine. The Government also envisages supporting the availability of clean vehicles through subsidies and a reduction in customs duties.
*Unlike leasing with option to buy, the balloon loan is a purchase plan with low monthly payments, in return for a high final payment (balloon).