Chinese cars are expected to increase their market share in Russia from 3% to 6% by the end of the year, according to car dealers.
According to Rossiyskaya Gazeta, Chinese automobile goods are improving their positions, while European and American models’ deficits are delaying their sales.
“Chinese companies are expanding faster than anybody compared to last year, due mostly to accessibility,” said Denis Migal, Director General of the Fresh Auto network. Chery is demonstrating the finest dynamics.
According to Igor Morzharetto, an auto specialist and partner at the Avtostat analytical agency, the three-fold increase in sales of this brand has been noticed for many months. For the first time, the business had risen to eighth position among all brands at the end of August. Other Chinese automakers, such as Haval and Geely, are gaining traction in Russia.
While Chinese automobiles are still a long way from dominating the market, they have substantially improved their standing. Consumers praised their trim levels, and the Chinese car sector is unaffected by difficulties with semi-conductor supply since China is the global leader in this field.
“China accounts for about 60% of total chip manufacturing. First and foremost, they meet the requirements of their producers, and then those of the United States “, Morzharetto took notice.
Delays in chip supplies continue to have an effect on the automobile industry, with certain models being scarce. According to Rolf’s Vladimir Miroshnikov, Audi, BMW, Mercedes-Benz, as well as KIA, Toyota, Volkswagen, and the Ford line, have shown the greatest dynamics, while sales of Genesis, Jaguar, Mitsubishi, and Nissan have dropped. The accessibility of cars affects the sales dynamics.
According to Andrei Kamensky, Marketing Director at Avilon Motor Group, the shortages of microchips and semi-conductors have had the greatest impact on luxury vehicle sales.
The scarcity of cars has an effect on price increase. Over the course of the year, new European and American automobiles increased in price by an average of 20%, making Chinese cars more competitive in terms of pricing.