“China is more actively taking a leading position in the automobile market of the Russian Federation, supplying not only new cars of its own production, but also cars with mileage and models of Western brands that previously left Russia.”, — write: www.epravda.com.ua
China is increasingly taking a leading position in the Russian car market, supplying not only Western cars of its own production, but also beginning to capture the used car market.
This was reported by The Moscow Times.
The increase in disposal fees and restrictions on imports through the EAEU forced importers to reorient themselves to China.
According to the “Avtostat” agency, a record 150,600 foreign cars were imported into Russia in October, of which 112,000 were new, and 38,600 were used. China holds the lead in the segment of new foreign cars with a share of 93%, and also ranks third in the supply of used cars (10%), behind Japan (60%) and South Korea (17%).
Due to sanctions, Japan and Korea restrict the export of powerful and expensive cars, while China does not introduce such restrictions.
As noted by the general director of “Avtostat” Serhiy Tselikov, China supplies not only its own brands, but also models produced in Chinese factories of Western companies, such as Toyota and BMW.
We will remind:
The Chinese company Chery has begun assembling cars in Russia at three plants that have been freed up by Western competitors, including Volkswagen and Mercedes, to sell on the Russian market.
89% of the funds that Russians spend on buying new cars go to China, said Dmytro Kostromin, Vice President of Sales and Marketing of AvtoVAZ.