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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

What kind of motor oils do Russian car owners prefer?

News

The Chinese car market fell by 5% in July

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Sales of passenger cars fell by 5.3% in China in July and they were 1 million 589 thousand 500 units. According to the Chinese Association of Automobile Manufacturers (SAAM), the Chinese car market grew by 3.4% up to 13 million 364 thousand 500 cars for seven months of 2018, by remaining the largest in the world.

In the last month Volkswagen and its joint ventures kept the sales at the level of last year, by selling 309,400 cars (+ 0.1%). Thus, the German auto concern remains the leader in the market of the Celestial Empire.

According to the forecast of SAAM, in 2018 the Chinese car market will grow by about 3% in compare with the previous year, when there were sold 24 million 718 thousand cars. Stabilization of demand, in particular, is due to the increase of the tax up to 10% on the purchase of new cars with an engine capacity of up to 1.6 L from this year. In addition, the growth of car sales may be constrained by the policy of the authorities of Chinese megacities to limit the registration of new cars within the fight against the pollution and traffic jams. Thus, against the background of the continuing economic recovery, the main demand for cars is expected from cities and provinces located in the interior of the country. Meanwhile, the PRC government is actively stimulating sales of electric vehicles, the introduction of a tax on which was postponed until the end of 2020.

22.08.18 AUTOSTAT
Source: www.autostat.ru