Lada benefits from the crisis

As it was informed by �AUTOSTAT� earlier instability on financial markets and sharp growth of dollar rate in Togliatti caused the increase of Lada�s sales.
AVTOVAZ� dealers polled by the newspaper �Vedomiosti� confirm that the demand for AVTOVAZ� models is also growing in other regions. They account for this fact that there is reduction of the auto crediting and expectation of default. �A consumer who wants to buy a foreign car but has money only for Lada has to forget about the dream and buy �reality�, said Vladimir Yarkin, the president of the holding company �Avtotrey�. Yuri Tselikov, the chairman of board of International Association of AVTOVAZ� Dealers remarks that in general the demand for Lada cars increased 2.5-5 percent that is not typically for October as usually the growth begins in the second half of November or at the beginning of December due to government orders.
But Moscow dealers say that there is no higher demand for AVTOVAZ� models yet. But the car stock is declining due to orders, particularly the overstock of Lada 2100 has reduced as AVTOVAZ accomplished the government order of ministry of social development. Moreover the sales of Lada Priora have gone better. It is explained by growing prices of its major rivals - Daewoo Nexia and Hyundai Accent, up 10,000 and 30,000 rubles correspondingly.
Sergey Tselikov, the director of the analytical agency �AUTOSTAT� considers that even while in higher demand not one month will last before the oversupply in dealer outlets decreases significantly. He estimates that in October the stock has reduced not more than on 5,000-6,000 cars. According to dealers� data at the beginning of October the overstock was 96,000 cars.