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The Russian new car market will not recover before 2024

  • August 23, 2022
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According to the Association of European Businesses (AEB), Russian new car sales fell by 57.5% in the first half of 2022. What to expect? Experts are convinced that

The Russian new car market will not recover before 2024

According to the Association of European Businesses (AEB), Russian new car sales fell by 57.5% in the first half of 2022. What to expect? Experts are convinced that the decline will continue. In addition, the market will most likely not be able to recover next year.

According to Rolf analysts, our car market will therefore have contracted by about 70% by the end of the year. And all because of “limited availability and high levels of uncertainty in supply chains and logistics,” the auto retailer said in a report. At the same time, it is remarkable that Rolf does not make rosy predictions for 2023: “Next year a similar situation may continue.”

The company noted that of the several dozen foreign brands in the auto retailer’s portfolio, none left Russia completely. Although this message looks extremely strange, since Rolf was at least working with Renault, which left the country in May… Anyway. So no one left and deliveries were only stopped for a while and by the end of the year the situation should improve. In addition, the company is looking for new suppliers.

— Specialists visit factories of foreign brands, study manufacturers interested in entering the Russian market and specific models that can be offered to private and business buyers. In addition to the EAEU countries, new options for deliveries from China, South Korea, Turkey, India, Iran have already been worked out, and the expected legislative changes could allow imports of cars from the territory of Kazakhstan, the Interfax agency quotes Rolf representatives as saying .

According to Rolf analysts, our car market will therefore have contracted by about 70% by the end of the year. And all because of “limited availability and high levels of uncertainty in supply chains and logistics,” the auto retailer said in a report. At the same time, it is remarkable that Rolf does not make rosy predictions for 2023: “Next year a similar situation may continue.”

The company noted that of the several dozen foreign brands in the auto retailer’s portfolio, none left Russia completely. Although this message looks extremely strange, since Rolf was at least working with Renault, which left the country in May… Anyway. So no one left and deliveries were only stopped for a while and by the end of the year the situation should improve. In addition, the company is looking for new suppliers.

— Specialists visit factories of foreign brands, study manufacturers interested in entering the Russian market and specific models that can be offered to private and business buyers. In addition to the EAEU countries, new options for deliveries from China, South Korea, Turkey, India, Iran have already been worked out, and the expected legislative changes could allow imports of cars from the territory of Kazakhstan, the Interfax agency quotes Rolf representatives as saying .

Source: Avto Vzglyad

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