As Vedomosti reports with reference to large dealerships, under current conditions the accumulated volume of unsold Chinese cars will have to be sold in several months, and in order to somehow speed up the sales process, dealers will inevitably have to offer buyers generous discounts . .

According to Nikolai Ivanov, director of the new car sales department at the Rolf dealership, the company now has 4,520 cars in its warehouse, compared to 4,266 in 2022 and 4,339 in 2023. He attributes the record surpluses to the peculiarities of doing business due to Chinese companies: for example, in the fourth quarter of last year they tried to load dealer sites as much as possible.

By early 2024, about 200,000 unsold cars had accumulated in Russian warehouses, and in December alone dealers counted 175,000 “Chinese” cars. Experts explain this trend by a sharp increase in the Central Bank’s policy rate, which has effectively caused auto lending to collapse.

As Vedomosti reports with reference to large dealerships, under current conditions the accumulated volume of unsold Chinese cars will have to be sold in several months, and in order to somehow speed up the sales process, dealers will inevitably have to offer buyers generous discounts . .

According to Nikolai Ivanov, director of the new car sales department at the Rolf dealership, the company now has 4,520 cars in its warehouse, compared to 4,266 in 2022 and 4,339 in 2023. He attributes the record surpluses to the peculiarities of doing business due to Chinese companies: for example, in the fourth quarter of last year they tried to load dealer sites as much as possible.

By early 2024, about 200,000 unsold cars had accumulated in Russian warehouses, and in December alone dealers counted 175,000 “Chinese” cars. Experts explain this trend by a sharp increase in the Central Bank’s policy rate, which has effectively caused auto lending to collapse.