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The report in focus

Passenger car market in Russia. Results of 2021, trends and prospects

Passenger car market in Russia. Results of 2021, trends and prospects

Exit date 29.03.2022

Format PDF

Price 900 eur.

The report contains detailed information on the last year’s passenger car sales, their dynamics and structure, market capacity, its price parameters, segmentation, etc.

29 march 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

The structure of dealer networks in terms of brands’ origin in Russia

News

Great Wall announced that it remains in Russia and is considering new long-term investments

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The largest Chinese automaker Great Wall Motor said that its immediate plans are to stay in the Russian market. This was reported by Nikkei Asia, citing direct statements from brand executives. For example, Xu Hui, secretary of the board of Great Wall, announced that the company will remain in the country "for a while" and is considering long-term investments in Russia in the amount of more than 3 billion yuan (472 million dollars). At the same time, he warned that the war in Ukraine and Western sanctions could make "some adjustments."

He added that the demand for Great Wall vehicles is holding up despite the recent drop in sales, the ongoing conflict and a weak ruble are taking their toll on demand. However, Russia is the automaker's largest market outside of China, and its Tula plant, which went online in 2019, remains the brand's first and so far only overseas production site. In line with Beijing's refusal to condemn the Russian offensive, Chinese companies have continued to do business in the country. Recall that, according to the latest data from Finmarket, the Chinese automaker Great Wall Motors, which produces cars under the Haval brand (a subsidiary of GWM) at the Tula plant, increased its revenue from operations in Russia 2.2 times in 2021, in proportion to the growth in sales in the local market. As follows from the group's statements, its revenue in Russia was 4.973 billion yuan the last year (about $780 million). According to the analytical agency "AUTOSTAT", in 2021, the Chinese manufacturer managed to sell about 1.3 thousand Great Wall cars (Wingle and Poer models) and 36.7 thousand Haval cars (Jolion, F7, F7x, H9, H5).

Four representatives from this model range are currently produced at the Tula enterprise, according to the full cycle (stamping, welding, painting, assembly). The production capacity of the plant at this stage is 80 thousand vehicles per a year.

04.04.22 AUTOSTAT
Source: www.autostat.ru