April 28, 2025
Auto

Goodbye Europe: Koreans, Russians and Chinese share the domestic car market

  • June 6, 2022
  • 0

Stupidly, if not stupidly, following the EU countries in the wake of US sanctions against our country hits countries unfriendly to us no worse than Russia. Which can

Stupidly, if not stupidly, following the EU countries in the wake of US sanctions against our country hits countries unfriendly to us no worse than Russia. Which can be clearly seen in the example of car sales. In April, Russians bought 6,400 cars from European manufacturers, 3,200 from Japan and 58(!) from America. While Korean – 8800 pieces, Russian – 8500 and Chinese – 2700.

In other words, even working in extremely adverse conditions allows countries that have not joined the United States to receive certain “bonuses,” experts say.

– In April, this was most clearly seen in the example of the brands of Korean car manufacturers that did not participate in the anti-Russian sanctions, Sergey Vlasov, an expert of the Otkritie Avto source, comments on the situation on the AvtoVzglyad portal. – As a result, Korean car sales did not drop so much, which allowed them to greatly increase their share of the market’s financial strength. At the opposite “pool” were European, Japanese and American brands, which suspend the production or supply of cars to the Russian Federation. Accordingly, their sales and financial strength fell noticeably more than the market’…

And in the future (and not so far) this will lead to the fact that, according to the head of the press service of the Avtostat agency, Azat Timerkhanov, “the market share that European and Japanese companies have lost will eventually be divided among themselves by Korean, Chinese and Russian brands”:

“Korean car manufacturers have something to offer instead of products from European and Japanese brands,” the expert recalls. – Perhaps, with the exception of the premium class, their lineups are generally similar, meaning buyers have a choice. Chinese brands are focused on the SUV segment, the domestic LADA – on B, and the “Koreans” play in both segments, which remain the largest in our market. So the proportion of “Europeans” and “Japanese” will gradually disappear between these three groups of players…

SUBSCRIBE FOR EXCLUSIVE CONTENT

PORTAL “AVTOVGLYAD” IN TELEGRAM

In other words, even working in extremely adverse conditions allows countries that have not joined the United States to receive certain “bonuses,” experts say.

– In April, this was most clearly seen in the example of the brands of Korean car manufacturers that did not participate in the anti-Russian sanctions, Sergey Vlasov, an expert of the Otkritie Avto source, comments on the situation on the AvtoVzglyad portal. – As a result, Korean car sales did not drop so much, which allowed them to greatly increase their share of the market’s financial strength. At the opposite “pool” were European, Japanese and American brands, which suspend the production or supply of cars to the Russian Federation. Accordingly, their sales and financial strength fell noticeably more than the market’…

And in the future (and not so far) this will lead to the fact that, according to the head of the press service of the Avtostat agency, Azat Timerkhanov, “the market share that European and Japanese companies have lost will eventually be divided among themselves by Korean, Chinese and Russian brands”:

“Korean car manufacturers have something to offer instead of products from European and Japanese brands,” the expert recalls. – Perhaps, with the exception of the premium class, their lineups are generally similar, meaning buyers have a choice. Chinese brands are focused on the SUV segment, the domestic LADA – on B, and the “Koreans” play in both segments, which remain the largest in our market. So the proportion of “Europeans” and “Japanese” will gradually disappear between these three groups of players…

SUBSCRIBE FOR EXCLUSIVE CONTENT

PORTAL “AVTOVGLYAD” IN TELEGRAM

Source: Avto Vzglyad

Leave a Reply

Your email address will not be published. Required fields are marked *

Exit mobile version