There may be changes in AvtoVAZ’s 2024 production plan due to the stagnation in the market. Interfax writes this with reference to the words of the company’s president Maxim Sokolov.
“The market showed below-expected results for the third month in a row. The president of AvtoVAZ said that such weak demand for cars will likely put pressure on our production plans.
Sokolov also emphasized that the company does not plan to revise its 2024 plan yet. At the end of December, the concern announced a goal of producing 500 thousand cars in the next 12 months. This is a third more than the production volume at the end of 2023.
Alexey Podshchekoldin, formerly president of ROAD said “socialbites.ca” that Russian AvtoVAZ dealers have accumulated two-month reserves of Lada cars. The expert explained that Russians began to buy “Chinese” more often.
On the eve of AvtoVAZ sent Application to Rospatent for registration of a new trademark. Car sales are expected to increase under the new brand beginning already in spring.
Previously reportedLada X-Cross 5 cars began to arrive at Russian dealers.