Amid the conflict between Russia and Ukraine, the automobile export business of European, American and Japanese companies to Russia has been affected. There are many factors, including the suspension of cargo ships bound for Russia, which has caused logistics chaos, and Western s

2024/04/2801:28:33 international 1526

( Observer Network News) According to a report by the Russian Business Daily on June 28, the latest survey results of Russia’s Open Bank (Otkritie) showed that against the background of Western sanctions against Russia and shortages of automobile supplies in other countries, 46% of Russians currently Car owners are willing to buy Chinese cars when trading in new cars.

Amid the conflict between Russia and Ukraine, the automobile export business of European, American and Japanese companies to Russia has been affected. There are many factors, including the suspension of cargo ships bound for Russia, which has caused logistics chaos, and Western s - DayDayNews

Under the situation of the conflict between Russia and Ukraine, the automobile export business of European, American and Japanese companies to Russia has been affected. There are many factors, including the suspension of freighters bound for Russia, which caused logistics chaos, and Western sanctions against Russia, which led to Russian trade settlement. Affected, , the European Union, , and Japan banned the export of high-end cars to Russia.

According to data collected by Russia's Open Bank (Otkritie) in May, more than half of people would consider switching to Chinese brands against the backdrop of a narrowing of brand choices in the Russian market. The

survey showed that 46% of the respondents were definitely willing to buy a Chinese brand car, 25% said they were willing to consider a Chinese car if there are no European brands, and 2% of the respondents said they were already driving a Chinese car. 17% of respondents are undecided. The

survey also showed that 53% of Russian car owners have experienced the impact of Western sanctions on the Russian automobile industry and have encountered some difficulties in purchasing and maintaining cars. Among them, 36% said that car insurance costs were rising, 22% were facing a shortage of spare parts, and 15% said there were no suitable models or accessories. Another 4% were unable to get a car loan, 2% were prevented from repairing their car, and 1% of owners had their car stolen.

When assessing Russia's future car market, the majority of Russian respondents expect a shortage of new cars to increase and demand for used cars to increase. 78% of people expect that European brand cars will not be able to resume supply to Russia in the short term, and 10% believe that European brand cars will not return to the Russian market.

According to the Russian Satellite News Agency, a survey conducted by the Russian analysis agency Avtostat and the Russian "Drive" magazine in June this year also came to similar results. In an online survey of 1,600 Russians, 40.7% expressed interest in buying Chinese cars.

Kirill Milishkin, editor-in-chief of Russia's "Drive" magazine, said that Chinese cars are being optimized year by year, and Chinese cars have indeed shown great progress.

According to TASS news agency , in April this year, Russian Minister of Industry and Trade Manturov told reporters that the Russian Ministry of Industry and Trade was discussing with Chinese manufacturers the possibility of seeking alternative brands in response to the departure of multinational car brands from the Russian market. situation.

Currently, there are only three Russian car manufacturers in the Russian market, namely VAZ, UAZ and AvtoVAZ to which Lada belongs. Lada occupies about 20% of the Russian market. Chinese car brands account for 6.8% of the Russian market, and the vast majority of them are new cars.

Amid the conflict between Russia and Ukraine, the automobile export business of European, American and Japanese companies to Russia has been affected. There are many factors, including the suspension of cargo ships bound for Russia, which has caused logistics chaos, and Western s - DayDayNews

" Russian newspaper " cited data from the Russian online car sales platform SberAuto in May and reported that the main Chinese car brands operating in Russia are Chery , Haval , Geely and Xingtu. The more popular models are For Chery Tiggo 8 Pro, Haval Jolion, Chery Tiggo 4, Haval F7 and Geely Atlas Pro. The residents of Moscow, St. Petersburg , Volgograd and Nizhny Novgorod cities purchase the most Chinese-made cars.

This article is an exclusive manuscript of Observer.com and may not be reproduced without authorization.

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