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 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).

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AvtoVAZ may establish a joint venture in Egypt

Egyptian authorities offer AvtoVAZ to enter into joint projects with the state el Nasr Automotive Manufacturing Co., said the Minister of Trade and Industry of Egypt, Mounir Fakhry Abdel Nour. "We are not interested in the organization of the industrial assembly of cars, and we strive to create a full production". For AvtoVAZ it will be return to the local market, for el Nasr - a chance to revive the company, said Abdel Nour. In the past, EL Nasr by licenses produced Italian Fiat cars and their Eastern European versions - Polish FSO Polonez and the Yugoslav Zastava Florida, wrote the newspaper "Vedomosti". The representative of AvtoVAZ confirmed the negotiations, but he promised to tell about the details after the signing of documents by AvtoVAZ President, Bo Andersson. 

In Egypt, it was already assembled Lada – “classic” from vehicle kits, the company Lada Egypt (now al Amal Co.) built a plant with a capacity of 9,000 cars per year in one shift for 12 million Dollars. In 2013, AvtoVAZ sent for export 13,708 vehicle kits, among which 1,728 (Lada 2107) – for Egypt. In the same year, the delivery of vehicle kits stopped, the Egyptian partner proposed to set the production of Lada Granta, there is no decision yet. "We are negotiating with al Amal," - said the representative of AvtoVAZ. 

In 2013, in Egypt, according to OICA (International Organization of Automobile Manufacturers), it was sold 226,300 passenger cars – it is more by 1.6% than the year before. Over the last eight years, despite the political turmoil, the local market has doubled, it has a great potential, says the analyst of "VTB Capital", Vladimir Bespalov. In Egypt, there are only 45 passenger cars per 1000 people, in Russia - 270, and in some European countries - more than 500, he explains. 

Due to the low incomes of the population in Egypt, there are popular low cost cars, and it is the main segment of AvtoVAZ, continues Mr.Bespalov. But now there is no sense to build a full-cycle plant, he said: at the first stage partners could produce tens of thousands of cars per a year, by spending on the organization of their assembly 20-30 million Dollars, and as the market grows to enter the power of more than 100 thousand cars per year and the investment over 100 million dollars and to increase the localization. Joint venture with the state company will guarantee the project, but AvtoVAZ may continue to cooperate with al Amal Co. - for example, in the assembly project, as well as distribution and service of Lada in the country, says Mr.Bespalov. 

KAMAZ, GAZ and "Sollers" in Egypt do not have assembly projects, reported their representatives. Market is small and companies do not want to risk, says Mr.Bespalov: AvtoVAZ is easier in this situation, as it is already produced cars here.

17.09.14 AA "AUTOSTAT"
Tags: export, avtovaz