Russians bought only 182 Cadillacs in first-quarter 2018, according to Wards Intelligence data, down 45.7% from like-2017. This puts the brand far short of the 10,000-unit annual sales goal former Cadillac chief Johan...
Ford-Sollers’ share of the Russian market is just 3%, but Wards Intelligence data shows the JV’s light-vehicle sales increased 24.7% year-over-year in March to 5,202 units, and were up 36.1% to 12,768 for the first...
Toyota believes the launch of the new Camry, coupled with increasing demand for the Land Cruiser Prado and Fortuner SUVs, may provide the impetus for growth. The automaker also has high hopes for the C-HR CUV going on...
The Swedish subsidiary of Chinese automaker Zhejiang Geely is considering building vehicles in Russia thanks to its rapidly improving sales in the country, the market’s overall recovery and its potential for...
According to Russian Ministry of Industry and Trade data, CUVs and SUVs held a 42% share of the market in 2017. The segments’ current annual growth rate is 20%, a figure officials predict will hold steady in the...
Devaluation of the ruble has significantly reduced costs for global automakers who are placing greater emphasis on exporting their Russian-made cars amid a steep decline in local demand.
Audi’s recovery strategy includes more flexible pricing and expanding its range of available vehicles, particularly the SUVs and CUVs that are relatively strong sellers in the overall soft Russian market.
Most global automakers operate in Russia under industrial assembly agreements signed with the government mainly from 2005-2007. Significant parts of these agreements expire this year, which means automakers will have...
Renault believes the Russian market has considerable potential for growth. The automaker estimates there are 288 cars per 1,000 residents, compared with 498 per 1,000 in European Union countries.