We show that the algebra of the group SL(2, C) naturally leads to the notion of gyrogroups and gyrovector spaces for dealing with the Lorentz group and its underlying hyperbolic geometry. The superiority of the use of the gyrogroup formalism over the use of the SL(2, C) formalism for dealing with the Lorentz group in some cases is indicated by (i) the validity of gyrogroups and gyrovector spaces in higher dimensions, by (ii) the analogies that they share with groups and (...) vector spaces, and by (iii) the demonstration that gyrovector spaces form the setting for hyperbolic geometry in the same way that vector spaces form the setting for Euclidean geometry. As such, gyrogroups and gyrovector spaces provide powerful tools for the study of relativity physics. (shrink)