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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

Russian share in global sales by brands
  • 31.03.15 Russian share in global sales by brands

    In 2014, it was sold 87 million new passenger cars in the world, which is more by 3.4% than in 2013. Russia has 2.9% of the global car market and it is in 8th place in the world in sales of new cars.

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News

Experts do not expect an influx of imported foreign cars after duties reducing

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For the last 10 years, the share of imported foreign cars in the Russian market fell 3 times and reached a historic low of about 15%. Meanwhile, since September, as a part of its obligations to the WTO, Russia reduced its import duties on cars that reached target values: 15% for new cars and 17% for used cars.

According to Alexander Zakharov, Head of Key Accounts at AvtoSpetsTsentr Group of Companies, import volumes will not affect the decrease in customs duties on cars, as the growth in sales of new imported foreign cars is explained, first of all, by the increase in demand for rare or premium cars, which are not produced in Russia.

In addition, the customs duty for importing cars, excise taxes and VAT, as well as the installation of ERA-GLONASS cost about 2.5 thousand Euros per a car. These costs will affect the increase in the cost of cars by 3 - 10%. Despite the localization of production in Russia, prices for new cars will increase due to additional costs, and therefore the demand for them will decrease - these are unfavorable conditions for the model range expanding. “At the same time, import of expensive cars, as well as niche models aimed at unit sales may remain economically feasible. For them, the size of payments for importing products does not affect the price and demand so much, and the costs of deploying local production cannot be covered by sales,” - adds Vladimir Miroshnikov, development director of ROLF.

In turn, the director of the “Avilon. Mercedes-Benz”, Nikolay Baskakov, notes that the reduction in customs duties will not affect the supply of used cars, also due to the wide range of used cars in the domestic market, as well as due to the fact that customers trust those cars more that were imported by private merchants, not official producers.

16.09.19 AUTOSTAT
Source: www.autostat.ru