Russia Economy Thread

pmc

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Aurus Komendant Video. The vehicle is more expensive than RR. It has some expensive wood and leather. -50C operation. off road mode. 200 to 260mm ground clearance, adoptive air suspension, differential locks in this vehicle class. vehicle of this complexity built in Tataristan.

 

pmc

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Size and amount of Russian car market. Avg price of used vehicle sale is $15K. while for new its $36k. avg of both is $21K.
95% transactions are of used vehicles. but it does not break out credit vs cash transactions.
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The average check amounted to just over 1.28 million rubles. Users bought new cars for an average of 2.19 million rubles, and with mileage - for 1.2 million rubles.
It is noted that 95% of all transactions this fall were for used cars, the remaining 5% - for new ones. The most popular new cars were Lada, Chery and Hyundai.
 

pmc

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he is richest non royal resident in UAE now. i am sure there are non resident who travel back and forth as the scale of aviation connectivity is second to none. Cyprus and Europe lost the former allure.
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They show up in economic figures. Hundreds of thousands of Russian tourists come through each year — no small number in a nation of just 1.2 million. Over €100 billion in investments came from Russia in 2020 alone — roughly a quarter of all foreign investments coming into Cyprus.
 

gelgoog

Brigadier
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That article is kind of incomplete and in some cases misleading or outright lying. For example.
"Since vehicles are generally not subject to sanctions, the recovery in the car market has so far been easier to sustain, even as it’s left Russia far more dependent on Chinese products."

This is bollocks. Since Europe has stopped all sale of vehicle parts and vehicles to Russia with sanctions. That is why Russia had to make vehicles without ABS and airbags. Those components used to be imported. And Japan and South Korea are headed in the same direction. With the South Koreans being the last to leave production in Russia having made the largest investments including their own engine assembly facilities.

Also one thing the article ignores is production of trucks and buses. Which basically remained the same without any drop. The drop was all in the family car sector. As you can see from the chart in the article production of family cars dropped to a fourth it was before the sanctions, and then it doubled as Lada increased their orders of car components to Russian suppliers and production of things like gear assemblies was doubled. Most of the car production that still exists is being done by Lada. And while other cars can still be parallel imported, sidestepping the sanctions by buying cars in third countries, most people do not want to buy cars with questionable support in the future. Chinese car sales have been increasing quite a lot, doubling and more, but they started from initially low base.
 
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tphuang

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It's going to take a while for Chinese automakers to really establish in Russia. There have been talks of various automakers like Chery building plants in Russia. That's needed if they want to sell more there. But it will take sometime to ramp that production up. Furthermore, all the automakers need to decide if they want to deal with Western blowbacks form Russia presence. There is probably a reason BYD has yet to offer any of its PVs in Russia.
 

pmc

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And while other cars can still be parallel imported, sidestepping the sanctions by buying cars in third countries, most people do not want to buy cars with questionable support in the future. Chinese car sales have been increasing quite a lot, doubling and more, but they started from initially low base.
Russia new car market is small relative to used car market. that used car market is dominated by those usual brands that are considered reliable. it does not matter from where they are imported.
only Kamaz / Autovaz /UAZ have there own full cycle manufacturing .That Aurus brand is at Kamaz. They need a brand that is in between lower and ultra luxury.
Haval has manufacturing plant in Tula. but it never achieved its production goal and neither it could lower the price. the problem its is very difficult to create industrial city from ground up that is dedicated to one brand. and this will become even more difficult as Russia increase the size of Aviation industry.
 

FairAndUnbiased

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It's going to take a while for Chinese automakers to really establish in Russia. There have been talks of various automakers like Chery building plants in Russia. That's needed if they want to sell more there. But it will take sometime to ramp that production up. Furthermore, all the automakers need to decide if they want to deal with Western blowbacks form Russia presence. There is probably a reason BYD has yet to offer any of its PVs in Russia.
its much harder to track components made by no name companies though. whose to say where an airbag or ABS came from?
 

gelgoog

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Considering the low sales a lot of these Chinese car companies have in Europe, that the Russian car market is now wide open, and that the Europeans are likely to just put trade sanctions on Chinese car imports in the near future anyway, seems like a good move to me to try to sell to Russia.
 

tphuang

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a look at Russia's trade with China. It shows how much Russia's Far East and Siberia are trading with China, especially in the natural resources and energy sector. Even aside from China itself, this 2 regions in my cases require going through China's railway system for their product to reach most of East Asian countries.
 

Overbom

Brigadier
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What the Russians can do in the new Cold War is use the trade surplus to invest in domestic industry and hire foreign talent for R&D.
"Russia" and "developing domestic economy" dont go together. Never did. Not then, and defintely not now with this war happening

Unless something dramatic happens, Russia is destined to just be a raw material and energy supplier to China
 
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