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Russia's giant carmaker plans to boost export by 20,000 cars in 2016
More:
http://tass.ru/en/economy/862488
More:
http://tass.ru/en/economy/862488
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Russian Auto Industry
George1- Posts : 18497
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https://www.rt.com/business/336458-russia-vietnam-cars-production/
Moscow and Hanoi have signed an agreement to produce Russian cars in Vietnam. The deal will boost trade and cooperation the Russian Ministry of Industry and Trade said on Monday.
The Vietnamese plant will produce buses, trucks, specialized vehicles, light commercial vehicles and passenger cars.
According to the ministry, Russian automakers Gaz, Kamaz and Sollers will be given an import quota of automobiles and car parts duty-free into Vietnam.
“That will allow increasing exports of vehicles and open new markets for Russian products with the prospect of entering the ASEAN market,” said the ministry.
There will be a quota of 2,550 Russian car import over three years and 13,500 car components over five years. The localization of production could reach 40-50 percent by 2025. Russia will be able export 800 motor vehicles to Vietnam duty-free this year, said the ministry.
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Drove Lada Niva more than once, not that bad, at least better than Yugo...
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Stels ATV manufacture
http://www.sdelanounas.ru/blogs/76583/
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Ford considering new investment in Russia after 93% sales increase
Zivo- Posts : 1487
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sepheronx wrote:Ford considering new investment in Russia after 93% sales increase
I know Ford produces parts in Russia, but I wonder what percent of these cars will be russian made.
sepheronx- Posts : 8810
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Zivo wrote:sepheronx wrote:Ford considering new investment in Russia after 93% sales increase
I know Ford produces parts in Russia, but I wonder what percent of these cars will be russian made.
What do you mean? All the cars sold are made in Russia. You mean what is the % of localization of parts? Ford states by 2019 they hope to get localization to 85% or greater. They recently opened up an engine plant in Russia.
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Of top 10 bestselling car models in Russia all of them (domestic and foreign brands) are made in Russia.
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Russia’s car market expected to begin recovery from 2017 — Russian industry ministry
He said the year 2016 will be a turning point for the automotive industry to be followed by gradual recovery
MOSCOW, May 1. /TASS/. Russia’s car market may become to recover from 2017, Russian Minister of Industry and Trade Denis Manturov said on Sunday.
"We believe that gradual recovery of the car market will begin next year. We hope for gradual automotive industry growth [from 2017]," he said in an interview with the Rossiya-24 television channel.
He said the year 2016 will be a turning point for the automotive industry to be followed by gradual recovery.
According to the ministry’s forecasts, car production in Russia is expected to go down by five to seven percent in 2016, to 1.5 million vehicles. In 2015, Russia’s car output dropped by 27.7% on 2014, to 1.213 million cars. Truck production decreased by 14.7%, to 131,000 trucks.
Sales of cars and commercial vehicles in Russia slumped by 35.7% in 2015, to 1.6 million cars. According to the Association of European Businesses (AEB), car sales in 2016 are forecasted at 1.53 million vehicles, or down by 4.7% year on year.
In conditions of the recession and the difficult situation on the car market, the Russian ministry of industry and trade has taken a series of measures to maintain car sales. Thus, the ministry reimburses car manufacturers for part of their expenses on the modernization of production lines, maintaining jobs, etc. Apart from that, the ministry maintains demand on the car market by means of a car scrap and trade-in, easy-term leasing and car loan programs.
More:
http://tass.ru/en/economy/873605
He said the year 2016 will be a turning point for the automotive industry to be followed by gradual recovery
MOSCOW, May 1. /TASS/. Russia’s car market may become to recover from 2017, Russian Minister of Industry and Trade Denis Manturov said on Sunday.
"We believe that gradual recovery of the car market will begin next year. We hope for gradual automotive industry growth [from 2017]," he said in an interview with the Rossiya-24 television channel.
He said the year 2016 will be a turning point for the automotive industry to be followed by gradual recovery.
According to the ministry’s forecasts, car production in Russia is expected to go down by five to seven percent in 2016, to 1.5 million vehicles. In 2015, Russia’s car output dropped by 27.7% on 2014, to 1.213 million cars. Truck production decreased by 14.7%, to 131,000 trucks.
Sales of cars and commercial vehicles in Russia slumped by 35.7% in 2015, to 1.6 million cars. According to the Association of European Businesses (AEB), car sales in 2016 are forecasted at 1.53 million vehicles, or down by 4.7% year on year.
In conditions of the recession and the difficult situation on the car market, the Russian ministry of industry and trade has taken a series of measures to maintain car sales. Thus, the ministry reimburses car manufacturers for part of their expenses on the modernization of production lines, maintaining jobs, etc. Apart from that, the ministry maintains demand on the car market by means of a car scrap and trade-in, easy-term leasing and car loan programs.
More:
http://tass.ru/en/economy/873605
TheArmenian- Posts : 1880
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Preliminary results indicate that Avtovaz (Lada) sales and overall Russian car market saw an increase for the first time since end 2014.
https://www.autostat.ru/news/25804/
This may be a sign that the Russian economy is showing signs of recovering.
https://www.autostat.ru/news/25804/
This may be a sign that the Russian economy is showing signs of recovering.
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LADA increases sales
In April 2016 in Russia sold 24 648 cars LADA, which is by 7.8% more than in April last year, and 10.7% more than in March 2016. According to preliminary estimates, the share of LADA in the Russian market has reached 20%.
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PapaDragon wrote:
Truck looks good.
TheArmenian- Posts : 1880
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sepheronx wrote:LADA increases sales
In April 2016 in Russia sold 24 648 cars LADA, which is by 7.8% more than in April last year, and 10.7% more than in March 2016. According to preliminary estimates, the share of LADA in the Russian market has reached 20%.
At the same time UAZ sales increase too (by 2%). GAZ sales increased as well.
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Avtovaz started sales of LADA vehicles in Lebanon
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Serial production of Vektor NEXT has started.
http://sdelanounas.ru/blogs/78578/
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Seems like the may of 2016 had the same volume like 2015,so there is no big fall at least, but the 2015 number was low as well.
Interestingly the heavy duty truck numbers droped by less than the passanger cars.
Seems like the drying up of the consumer loans due to the high intrest rate killing the car industry in russia.
Interestingly the heavy duty truck numbers droped by less than the passanger cars.
Seems like the drying up of the consumer loans due to the high intrest rate killing the car industry in russia.
sepheronx- Posts : 8810
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There are incentive programs for buying cars in Russia that mitigate the high interest rates. Actually, luxury car sales grew in 2016 but barely, and Avtovaz seen growth as well (so specific brands) but ultimately, a new interest payment system will be needed for auto like it was for home buyers.
As I posted earlier, commercial vehicles like Kamaz seen growth. Logistics is expanding thus need for such vehicles will grow.
As I posted earlier, commercial vehicles like Kamaz seen growth. Logistics is expanding thus need for such vehicles will grow.
Singular_trafo- Posts : 120
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sepheronx wrote:There are incentive programs for buying cars in Russia that mitigate the high interest rates. Actually, luxury car sales grew in 2016 but barely, and Avtovaz seen growth as well (so specific brands) but ultimately, a new interest payment system will be needed for auto like it was for home buyers.
As I posted earlier, commercial vehicles like Kamaz seen growth. Logistics is expanding thus need for such vehicles will grow.
The class 8 users can get goerment loans, means there is higher demand.
The market needs low intrest rate, any goverment backed loans simply makes subotimal economic outcome.
By high chance the goverment will subsidize car buyers who anyway would buy a car.
There is better way to spend that money.
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Daimler to begin assembling Mercedes in Moscow
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Nissan Murano production started in Russia
http://sdelanounas.ru/blogs/79371/
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http://sdelanounas.ru/blogs/79365/
sepheronx- Posts : 8810
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You jerk, you beat me to it.
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Mercedes-Benz signs agreement on plant in Moscow environs, officials expect its launch in 2019
The authorities of the Moscow region expect that production at the Mercedes-Benz plant in the Solnechnogorsky district will begin in 2019, deputy chairman of the Moscow regional government, German Yelyanyushkin said on Wednesday.
"At the St. Petersburg International Economic Forum (SPIEF) an agreement was signed with Mercedes on the placement of production in the environs of Moscow. In 2019, when, we hope, production will be launched, this will create a new living environment in the Solnechnogorsky district," he said during the forum, "Moscow Environs - a Comfortable Environment."
He said that under the current conditions this agreement is important from a political point of view.
http://en.interfax.com.ua/news/economic/351888.html