30.04.2015 / TAGAZ assets cost about 6 billion rubles

Russian Automotive Market Research

Appraiser Standard AVIR evaluated TAGAZ in 5.75 billion rubles. Valuation within the bankruptcy of assets of the plant, consisting of 5440 real property items and equipment, was completed in the beginning of December 2014; the auction has not been announced yet, as creditors could not agree on the procedure to sell assets at two meetings.

TAGAZ debts amount to about 30 billion rubles. TAGAZ largest creditors are VTB (7.37 billion rubles), Sberbank (4.35 billion rubles), Gazprombank (3 billion rubles), Doninvest companies (6.6 billion rubles), which owned the plant before the bankruptcy.

TAGAZ asset complex is able to produce 180000 cars of six different models. However, the appraiser did not consider TAGAZ as a business complex, capable to generate income, but estimated it as a set of movable and immovable assets. The plant purchased expensive equipment to assemble particular car models, mostly of different brands Hyundai and Chery, and according to a study by TAGAZ technical services, only 50% of components of its lines can be recognized universal.

30.04.2015 / Crimeans, who cannot confirm their title to the car, will receive temporary documents

Russian Automotive Market Research

The Prime Minister of the Russian Federation Dmitry Medvedev signed a decree, which solves the problem with the registration of vehicles in Crimea in case of the absence of documentary evidence of title to the car. Now car owners and companies will be able to receive temporary documents for a period of five years. During this time, it will be possible to confirm the title to the car or dispose of the property item, for which relevant documents will be executed.

These measures cover Russian citizens, living in the Crimea and Sevastopol, who acquired Russian citizenship after the accession of regions to the Russian Federation, the Russians, who lived in the Crimea at the date of enactment of corresponding federal constitutional law, as well as legal entities, registered on these territories until March 18, 2014.

29.04.2015 / Kia offers new Picanto at the price from 490 thousand rubles

Russian Automotive Market Research

Kia launches sales of the updated model Picanto in Russia on May 12, 2015. The car will be offered in three and five-door versions of the body. Updated Picanto will be available in seven versions of equipment.

The Russian version of the car has increased road clearance and all modifications are equipped with front and rear mudguards. Prices for a base version Classic start from 489.9 thousand rubles. The top version Prestige costs 774.9 thousand rubles.

The main changes will concern the line-up of engines, which will be supplemented with a new three-cylinder 1.0-liter MPI petrol engine (Euro-6). The engine capacity is 66 HP. In addition, 1.2-liter petrol engine capacity of 85 HP is available. Engines work in combination with five-speed manual or four-speed automatic gear box.

28.04.2015 / Launch of sales of Haval cars in Russia was postponed to the end of the year

Russian Automotive Market Research

The Chinese automaker Great Wall, which builds the plant for the production of Haval SUVs in the Tula region, will organize the production of Haval H6 crossover at facilities of its Russian partner, the company IRITO, in the Lipetsk region, which currently manufactures Great Wall SUVs, before the launch of this company. Other Haval models will be imported from China. Russian sales of Haval cars, which were to be launched in February 2015, were postponed because of delays in certification and the ruble fall. The company plans to start sales of Haval in Russia until the end of this year, and the final decision on the time constraints of the launch of a new brand to the Russian market will be based on the situation with the ruble rate.

At the initial stage four models of SUVs will be offered to the Russian buyers– H2, H6, H8 and H9, and in addition to the usual H6 the version H6 Coupe will appear in Russia.

27.04.2015 / Sales of Ford Fiesta will be launched in the third quarter of 2015

Russian Automotive Market Research

In summer of 2015 Ford Sollers joint venture will launch the full cycle production of Ford Fiesta not only in a 5-door version, as it was announced earlier, but in a body sedan. Cars will be produced by full cycle at the modernized plant Ford Sollers in Naberezhnye Chelny, and will go on sale in Russia in the third quarter of this year.

Ford Fiesta is maximally adapted to the needs of Russian clients, as well as the weather and road conditions in Russia. The company will announce prices and versions after the launch of production only before the sales start. Fiesta sedan shall become the most affordable Ford car in Russia.

Investment into the production launch of Ford Fiesta in Naberezhnye Chelny will amount to 150 million dollars. Total investment in this enterprise, which has been already producing EcoSport crossover, is 400 million dollars.

24.04.2015 / Ferrari will open the second center in Russia

Russian Automotive Market Research

Against the background of the falling Russian market Ferrari expands its presence in our country. The automaker from Italy agreed with the dealer Avilon AG about the opening of a new center, which will be the second in Russia and one of the largest in Europe.

The new center with an area of 1 thousand square meters will be opened on Volgogradsky Avenue in Moscow, where there are centers of other dealer brands. Currently Mercury, the portfolio of which includes such brands as Bugatti, Bentley and Maserati, sells Ferrari cars in Russia. The cost of Ferrari in Russia starts from 12 million rubles.

24.04.2015 / Citroen developed new lending programs for С4 Sedan

Russian Automotive Market Research

Beginning April 22, 2015 Citroen Company together with Citroen Financial Services offers new lending terms for the purchase of C4 Sedan with the rate of 0% for 3 years (36 months). Special terms are effective in addition to the state program of preferential auto loans, to which Citroen joined on April 1, 2015. The offer covers cars of 2015 year of manufacture.

Special lending terms with the rate of 0% for 2 years covers C4 Sedan of 2014 year of manufacture. Simultaneously with the loan offer, savings under special terms for the purchase of a car may reach up to 100 thousand rubles, and under the trade-in and scrappage scheme total savings may be up to 210 thousand rubles when purchasing C4 Sedan.

In 2014, sales of Citoren cars under lending offers of Citoren Financial Services made 23%.

23.04.2015 / CMTPL may be used for collection of transport tax

Russian Automotive Market Research

The procedure of registration of CMTPL insurance policies will be complicated in Russia. State Duma deputies offered to make legal regulations, under which the contract of compulsory insurance can be concluded by drivers only after they provide a receipt of payment of transport tax or a certificate confirming the absence of debts from the tax service.

The reason for this offer is that many regions have problems with the collection of the transport tax. According to deputies, the share of such payments to budgets of the constituent entities declines each year, while the number of vehicles, registered by the traffic police, on the contrary, grows. Deputies believe that this situation will lead to the reduction of the amount of debts on the payment of transport tax and, consequently, to the budget filling.

22.04.2015 / DongFeng Motor presented two new models for Russia

Russian Automotive Market Research

At the opening of the Shanghai auto show representatives of the company DongFeng Motor (DFM) reported new models it is going to sell in Russia. By the end of the year the Chinese automaker plans to launch AX7 crossover and A30 sedan to the Russian market. In 2016 the larger four-door L60 will join them.

AX7 compact crossover is based on the DFMS platform, which represents the architecture of Nissan Qashqai of the first generation. The crossover is available with two different petrol engines (licensed engines of PSA Peugeot Citroen). 2-liter power unit develops capacity of 143 HP, 2.3-liter engine - 173 HP. The basic versions with 2-liter engines are equipped with 5-speed manual gear box, the more expensive versions and those with 2.3-liter engines – with 6-speed Aisin automatic gear box.

21.04.2015 / Lexus carries out the action «Spring weeks Lexus»

Russian Automotive Market Research

Lexus offers special terms for the purchase of cars of 2015 year of manufacture. Under the action «Spring weeks Lexus» customers can choose the most suitable offer:

- the loan at the rate of 5.9% per annum in Toyota Bank JSC under the lending program «Favorable» or at the rate of 11.9% per annum under the program «Priority»;

- the purchase of Lexus car under trade-in. When delivering the car under the trade-in the customer receives a special price offer for the purchase of the new Lexus car or a valuable gift;