Рейтинг@Mail.ru

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 car service market volume of maintenance and repair

News

The government is discussing measures to support the Russian auto industry

3.jpg

The government began to formulate proposals for the state support of the automotive industry, which will be discussed at a meeting with Vladimir Putin on April 22nd. According to the Kommersant newspaper, citing its sources, it was decided that the payment of the waste fee to the concerns would be delayed until the end of the year. We are talking about a draft resolution prepared by the Ministry of Industry and Trade, within which concerns that have signed special investment contracts can take this opportunity. Direct support for individual concerns is not considered.

At the same time, according to the publication, the Ministry of Finance opposed to the waste fee payment deferring. The fee has a significant share in the expenses of automakers, and with almost zero revenues from operating activities; a postponement will avoid staff reductions. The released funds will be enough for normal operation for at least one quarter, industry participants say. In addition to waste fee, the government is discussing the need to ensure the operation of the distribution chain, that is, component production and dealers.

The Ministry of Industry and Trade had already recommended the opening of dealerships, but only a few regions followed the advice. At the same time, the market participants recognize that even the opening of dealerships does not solve the problem of lack of demand, as most of customers are not ready to buy cars in the face of uncertainty. Specific measures to support demand in the government, according to sources, have not been formed. They note that in conditions of high borrowing of the population and problems of small and medium-sized businesses, the existing programs of preferential car loans and leasing are unlikely to have a significant effect. New ideas are not considered yet.

The other interlocutors call AEB's proposal to launch a new fleet renovation program controversial, saying that it will pull demand from the primary market, creating an additional offer of used cars. But without the support of demand, the car plants, which restarted en masse at the beginning of the week, will stop again in a few weeks: now they are mainly working for the warehouse. In fact, the state remained the only solvent buyer, but the government purchases will not be able to support the car market.

21.04.20 AUTOSTAT
Source: www.autostat.ru