russian automobile industry is also fucked: > "we won't make any money." the russian automobile market is preparing for price wars > new products of the russian automobile industry are a clone of this model. not even a quarter of what has been produced yet has been  > the russian car market will start the new year with price wars. the competition between avtovaz and budget chinese brands promises to be especially tough. > by the new year the market was overstocked. first, in anticipation of rapid growth in demand, and then in anticipation of a sharp (7085%) increase in recycling fees, chinese automakers imported many more cars than they were able to sell, dealers say. russian brands, according to them, also have problems with the sale of new models. > according to avtostat, chinese brands alone generated a stock of approximately 300,000 new cars in russia between 2022 and 2024. official imports for 20222023 and 11 months of 2024 reached 1.4 million vehicles, local production of chinese brands amounted to 400,000 cars (excluding russified versions like moskvich or belgee), while just over 1.5 million new chinese cars were registered during this time. the difference probably accumulated in warehouses. for many chinese brands, stock fluctuates within 3-6 months of sales volume. in total, there may be up to 500,000 unsold cars in warehouses, autostat estimates. 1/3
Czech Republic