31.07.2015 / AVTOVAZ financial results in the first quarter of 2015

Russian Automotive Market Research

AVTOVAZ announced the results of its operations in the first half of 2015. The company's revenue made 89.2 billion rubles, which is a 2.2% decrease on the similar figure in 2014. According to Russian accounting standards, the company received an operating loss of 6.6 billion rubles, caused by the general fall of the Russian automotive market, increase in the purchase prices for components and the negative ruble dynamics. In the reporting period AVTOVAZ made payment of bills, not connected with operating activities, which in conjunction with an operating loss resulted in a growth of net assets for the half of the year by 0.7 billion rubles (0.8% of revenues).

31.07.2015 / Special scrappage scheme and trade-in were extended for Mitsubishi Pajero Sport

Russian Automotive Market Research

MMC Rus announced the extension of a program aimed at providing of additional benefits to buyers of new Mitsubishi cars, when delivering used cars for scrappage, including under trade-in. The program was extended until August 31, 2015 and covers only the model Mitsubishi Pajero Sport of the local production.

So, when purchasing Pajero Sport under the scrappage scheme or trade-in discount will be 75 thousand rubles. This program is summed with all current actions and covers corporate sales (discount is provided of the current retail price specified in the price list).

30.07.2015 / «Bad» loan delinquency increases in Russia

Russian Automotive Market Research

According to the collection agency «National Service for collection» (NSC), the volume of «bad» debts on auto loans (overdue is more than 90 days) increased by 15% and reached 60 billion rubles in the first half of 2015. Over the last 12 months, this figure rose by 25.5% or 12 billion rubles.

At the same time, according to NSC, for the year the loan market fell by 10.6% to 1.252 trillion rubles. In the first half of 2015 the market of auto loans decreased by 7.2%, but in the second quarter it stopped – the market capacity for this quarter remained unchanged, banks issued new credits, which balanced closing loans.

29.07.2015 / Additional funds may be allocated to support the automotive market

Russian Automotive Market Research

According to preliminary data, 5 billion rubles more may be allocated for the continuation of a state program of the vehicle park renewal in 2015. According to the Ministry of Industry and Trade, from January to July 19, 186047 cars were sold under the program.

Since the beginning of 2015 15 billion rubles were allocated for the program of the vehicle park renewal. The Ministry believes that the money will be spent before the end of July, but the additional amount of 5 billion rubles will be enough for the remaining five months.

In addition, it was preliminarily decided that funding of one more measure to support the automotive industry, the program of preferential auto leasing, will increase by 1 billion rubles (to 3.5 billion rubles). Under this program, 9344 cars were sold from April 1 to July 19.

29.07.2015 / Brilliance reduced prices for its cars

Russian Automotive Market Research

Brilliance Motor announced the reduction of prices for all Brilliance V5 and H530. The offer will last until October 31, 2015.

Under the terms of a special offer, now the minimum cost of Brilliance V5 (in a version of 2014) is 619990 rubles and the maximum one - 721900 rubles. The price for Brilliance H530, in turn, varies from 559900 to 664900 rubles. Thus, savings of buyers when purchasing Brilliance cars is up to 116 thousand rubles for V5 model and up to 86 thousand rubles for H530.

28.07.2015 / Ellada of the second generation will appear in 2015

Russian Automotive Market Research

AVTOVAZ works on the creation of Ellada electric car of the second generation, the car will be ready in 2015. The basis for the new Ellada will be Lada Kalina of the second generation in a body station wagon. Engineers take into account all remarks, which were made during the operation of a car of the first generation. Now the car has a different size of power batteries, which will improve the performance, the road clearance of the car will increase and its weight will decrease.

The company will produce the new electric car only under the order, as experience with the production of the first Ellada did not receive commercial development.

28.07.2015 / The price for new Toyota Hilux will start from 1.5 million rubles

Russian Automotive Market Research

Toyota began to accept orders for Hilux pickup of the new generation in Russia. The car is available for the purchase in three versions - Standard, Comfort, Prestige. Prices for the model start from 1 499 000 rubles.

The car became by 70 mm longer and 20 mm wider than its predecessor. The car is equipped with 2.4-liter diesel turbo engine capacity of 150 HP and torque of 400 Nm. The unit works in combination with a new six-speed manual gear box.

The previous generation is sold in Russia with two engines (2.5-liter one capacity of 144 HP and 3.0-liter of 171 HP). The price for the most affordable version at the moment is      1 459 000 rubles, and the top version will cost at least 1 873 000 rubles.

28.07.2015 / The new DFM center was opened in Voronezh

Russian Automotive Market Research

Dongfeng Motor Rus opened a new dealership in Voronezh – the official dealer of the brand DFM in this city became Region-Auto. Today 36 dealerships in 32 Russian cities work with the brand DFM.

The total area of the new dealership – 2896 square meters, the area of a showroom is more than 500 square meters. The presentation platform for exhibition of 8 cars, zone of delivery of new cars, customer service zone, cafe, acceptance for service and office premises are located here.

Area of a service zone is 1050 square meters; service shop includes 8 car posts, spare parts warehouse, body shop and 2 washings.

27.07.2015 / Opel offers its clients lavish discounts

Russian Automotive Market Research

The Russian office of the company Opel announced the increase in the recommended discounts for the most of its models. Now the popular Opel Mokka crossover is available with the discount of up to 461 thousand rubles, the car cost starts from 699 thousand rubles. Now Opel Astra GTC can be purchased at the price from 649 thousand rubles – discount increased to 500 thousand rubles. The same discount covers Opel Meriva family car. The matter concerns cars of 2014 and 2015 years of manufacture.

The discount for Antara crossover is up to 450 thousand rubles. Opel Zafira Tourer family minivan and Antara crossover are available with the discount of up to 550 thousand rubles and 450 thousand rubles, respectively. In addition, buyers of Astra, Meriva Zafira Tourer, Zafira Family and Astra Family cars get a set of winter tires as a gift. There is a warranty of 3 years or 100 thousand kilometers on all new Opel cars, as well as 3 years of free participation in the program «GM Assistance: roadside assistance».

27.07.2015 / Datsun plans to launch export of cars

Russian Automotive Market Research

In 2015 trial export supplies of Datsun cars produced in Russia may be launched. Primarily in countries of the Eurasian Economic Union, Kazakhstan and Belarus: import to them is duty-free.

Kazakhstan has been already the largest export market for Russian automobile plants. For example, it accounts for over 80% of foreign supplies of AVTOVAZ. However, the company is not going to produce Datsun cars in Kazakhstan, as AVTOVAZ (Lada 4x4 cars are produced at facilities of BIPEK Avto – Asia Avto), – it has enough capacity in Russia.