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The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june 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

Infographics

How has Russian vehicle fleet changed for 10 years?

News

From May 1st, AVTOVAZ will raise the prices due to a jump in the ruble exchange rate

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Since May 1st, AVTOVAZ plans to raise the recommended retail prices for all its cars. As the newspaper "Vedomosti" writes with reference to LADA dealers, cars will rise in price by 1-2%, depending on the model and configuration. The representative of AVTOVAZ confirmed it and he explained that the price increase is due to recent exchange rate fluctuations. AVTOVAZ buys a part of auto components abroad, localization of LADA cars – is 85%.

The change of prices of specific models is still unknown. According to the LADA website, the most popular model cars, Vesta, cost at least 569 thousand 900 rubles, Granta (the second most popular model) - at least 399 thousand 900 rubles. Thus, if the price grows by 2%, the basic versions will rise in price by 8- 11 thousand rubles. It should be noted that it will be the second increase since the beginning of the year for recommended retail prices for LADA cars - in January they increased by 2-3% in average. In 2017, there were also two more increases: in January, by 2% in average (not for all models), and in September - by 2% (only for Vesta).

"We do not forecast a drop in demand, as the changes in the price are insignificant and preserve the price advantages of LADA in the market," - comments the representative of AVTOVAZ. The increase in prices by 1-2% will increase profitability, and it will unlikely affect on demand, dealers agree: the growth is small, and it will happen simultaneously with the increase in prices for cars of other brands.

26.04.18 AA "AUTOSTAT"
Source: www.autostat.ru