This year, Russia can leave up to ten automatic brands from PRC. He reports the newspaper by referring to dealers and analysts in this regard. “Kommersant” (“Kommersant”).
The main reason for this possible development of events is a low level of sales that requires a decrease in the profitability of the halls and the termination of the franchises. Experts, the number of Chinese brands entering the Russian market exceeded the possibilities, he said.
Therefore, excessive processing of warehouses, high credit rates and small consumer activities will inevitably lead to the separation of some automatic brands. Russia will probably leave Russia Oting, Kaiyi, SWM, Livan, VGV and MG.
April 14 reportedThe prices of Chinese cars in Russia may drop by 25%after the return of the separated brands.
April 9 Autoexpert Igor Morzhareto saidChinese cars are 2-2.5 times more expensive than the PRC due to the “prohibitive” in Russia, due to taxes, customs duties and logistics.
Previously KnownWhen Korean cars can appear in Russian dealers.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.