The report in focus

Assessment of the financial position of Russian car owners and their plans to purchase a car in 2019

Assessment of the financial position of Russian car owners and their plans to purchase a car in 2019

Exit date 07.03.2019

Format PDF

Price 490 eur.

The new marketing report «ASSESSMENT OF THE FINANCIAL POSITION OF RUSSIAN CAR OWNERS AND THEIR PLANS TO PURCHASE A CAR IN 2019» presents the results of an online survey. The survey was conducted in January 2019 (together with the DROM.ru portal), and more than 7,000 car owners took part in it.

In the course of the study, data were obtained on the level of the financial position of Russian car owners (self-assessment of the financial situation of the family, credit load and availability of savings).

07 march more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

News

AvtoVAZ purchased IzhAvto for 1.7 billion roubles

On 27 October 2011, AvtoVAZ bought in 100% share of Joint Automotive Group, which managed the Izhevsk car plant. The transaction costs were 1.7 billion roubles, which is 100 million roubles less than JAG paid for IzhAvto during auction in September. According to AvtoVAZ, the bargain was made in conformity with memorandum of understanding about long-term development and modernization of IzhAvto, signed by Rostechnology state corporation , AvtoVAZ, and Sberbank, major creditors of IzhAvto, in December 2010. 

According to Kommersant newspaper, the total debt of the Izhevsk car plant came up to 13.5 billion roubles. 8.2 billion of them was the debt to Sberbank, which ceded 5.2 billion roubles of this debt to Rostechnology and will write off the rest 2.7 billion roubles. Other debts (for AkBars, Uralsib and Alfa-bank should be paid off as a result of IzhAvto non-core assets sales.

Meanwhile, AvtoVAZ intends to invest up to 7 billion roubles in modernization of the Izhevsk car plant till 2016. The money will be invested with Sberbank loan with the period up to seven years. IzhAvto capacity is planned to be increased from the current 220,000 up to 360,000 cars per year in 2014.

At present the enterprise assembles the Lada 2107 and the Lada 2104, as well as the Izh-27175 van. Next year IzhAvto is planning to start production of the new low-cost Lada Granta. Moreover, the model lineup of the Udmurt enterprise should be added with some Renault-Nissan models. As Igor Komarov, AvtoVAZ president, informed earlier, IzhAvto development program, including model lineup, should be agreed with Renault-Nissan alliance during 5-6 months.

31.10.11 AUTOSTAT
Source: www.autostat.ru

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