AvtoVAZ, which specializes in low-cost cars, could take hardest hit from lower used-vehicle tariffs.
ST. PETERSBURG, Russia – The long-awaited entry of Russia into the World Trade Organization and the resulting reduction in used-car duties could have a negative impact on local new-vehicle sales, auto makers say. Under the terms of Russia's WTO accession, duties on used cars 3 to 7 years old will decline from the current 35% to 25% later this year. Auto makers fear a massive influx of used vehicles as a result, which could cut into demand for entry-level models. Used-car ...
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