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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

Leaders of the Russian car market in August of 2020

News

Market of second-hand foreign cars has a great future in RF

The market of second hand foreign cars picks up speed. And the question is not about the imported second hand cars into Russia, but about the foreign cars sold in Russia as new ones in 2004 2006. According to estimation of the analytic agency AUTOSTAT, almost a half of all russian motor-car enthusiasts change their cars in three years after its exploitation. In case of new cars, the majority of owners sell their cars after the guarantee term is out (2 3 years).
Studying the dynamics of sales of new cars in Russia (2004 - 410 thsd u., 2005 - 616 thsd u., 2006 - 1022 thsd u., 2007- 1666 thsd u.) we can forecast that on total of the current year the aftermarket of rather fresh second hand cars will grow to 500 600 thsd u. Next year, in 2009, it may grow to 1 mln units. This estimation of the segment of market is given by the analysts of AUTOSTAT.
The cancel of the double VAT has to contribute the further development of quality of commerce of second hand cars. This question was discussed at the meeting of the prime minister of RF Vladimir Putin with the representative of automotive business in Elabuga last week. Vladimir Putin believes that it is necessary to precipitate the amendment to the Tax Code, which would cancel the tax collection for VAT when selling the second hand cars. He told, it is prohibited to pay 2-3 times a VAT for production, whose realization was already taxed once.
On the opinion of the director of the agency AUTOSTAT Sergej Tselikov, after the cancel of VAT for the sale of second hand cars this market could have a rapid growth. The car salons are approved to organize the commerce with a system trade in. As it is known, nearly a half of new cars are sold in Europe. Besides, instead of spontaneous car markets there will appear organized salons of second hand cars in Europe, where people will be able to buy and sell their car.
In opinion of Sergej Tselikov, this segment of the automotive market, with turnover worth a milliard and dynamics of 50 70 %, has good prospects in the nearest future in Russia.

19.06.08
Source: АВТОСТАТ