Eugene Gerden

Eugene
Gerden
Correspondent,
WardsAuto

Eugene Gerden writes about the Russian auto industry from his base in St. Petersburg.

Articles
Toyota Launches New-Gen Camry Production in Russia
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 sale in Russia later this year.
Volvo Cars’ Decision on Russian Plant Due This Year
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 further growth.
Utility Vehicles Continue Shoring Up Russian Market
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 near future.
Russian Government Looks to Increase Auto Exports
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 Revamps Russian Strategy in Bid to Regain Share
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.
Russia Raises Production Pressure on Automakers
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 to make new arrangements with the government or find new ways of doing business in Russia.
Renault Sets Goals for Growing Russian Market Share
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.
RAV4 Shot in Arm for Toyota Operations in Russia
The automaker plans to tap into Russian SUV demand by putting the new Land Cruiser Prado and Fortuner on the market by the end of this year.
Foreign Automakers’ Russian Parts Exports Thriving
Russian Ministry of Industry and Trade analysts believe auto-parts exports are rising not only because of the ruble’s declining value, which lowers manufacturing costs, but also because global automakers are making greater use of their Russian production capacities.
Asia Avto Ramps Up Skoda Car Production
Four models of the Volkswagen budget brand will be assembled, including the upgraded Rapid and Octavia small liftbacks.
Nissan to Build Renault Models at Russian Plant
Sources close to Nissan Russia say candidates for assembly at Nissan’s St. Petersburg plant may include the Renault Kadjar compact CUV and the Renault Koleos compact SUV.
GM to Further Tap Russian Utility Market With Traverse
The automaker hopes to capitalize on Russians’ affinity for utility vehicles, whose sales have been steady despite the country’s recent economic distress, and on U.S. vehicles’ overall favorable image there.
Honda Returning Accord, Civic to Russian Lineup
Honda says it will make expansion of its utility-vehicle range a priority, although its resumption of Accord and Civic sales reflects an intention to increase car sales as well.
FCA Phases Out Sales of Fiat Brand in Russia
Although FCA cites slow sales in announcing the end of Fiat sales in Russia, deliveries through May totaled 622 units, up 17.8% year-on-year, according to WardsAuto data.
Nissan Hiking Russian Output 25%, Hiring 450 Workers 1
Nissan’s plant is designed to manufacture 100,000 vehicles a year. Last year’s output amounted to only 36,458 units, but that was 8% more builds than in 2015. A 25% increase would bring this year’s total to nearly 50,000 units.
Insights

Mar 8, 2018
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