⛔️WAREHOUSES CLEARED❗❗❗ IN CHINA DONT KNOW WHAT TO DO WITH OVER 3.5 MILLION CARS✅ NEWS TODAY
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Vladimir Putin and overproduction of cars in China will help reduce car prices.
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New cars in 2023. State support and the activity of Chinese automakers have led to an overproduction of cars. Prices in Russia.
While the Russian car market is experiencing a serious shortage of new cars, the Chinese have another question on the agenda: what to do with 3.5 million cars of various segments? News of Russia today. Over the past six months, the demand for cars in the country has fallen by 37%. Chinese cars 2023.
Analysts cite the abolition of government subsidies and tax breaks associated with the purchase of a personal car as the reason for this. Avtovaz, Lada, Moskvich, UAZ. In addition, since July, China will stop registering new cars that do not meet the national environmental standard 6B (similar to European Euro-7). New cars 2023.
The warehouse stocks of Chinese dealers of most brands are enough to trade for two months without replenishment. Production in China. That is why there is a tough price confrontation in the Chinese car market - companies are dumping, arrange "attractions of unprecedented generosity", lure buyers with promotions and discounts, reducing retail prices for new cars by 1.5-2 times. New cars 2023.
Experts believe that one of the acceptable solutions to reduce the number of "extra" cars in China, produced for the future, will be to increase the import of cars to Russia. Car prices 2023.
According to analysts of one of the largest Swiss financial holdings UBS, car production in the world this year will reach 86 million units. This is about 6% higher than the level of expected demand for vehicles in the world. Chinese cars 2023. That is, in a year, the auto industry will produce about 5 million more cars than consumers can buy. The impact of this phenomenon has already been felt by the Chinese. New cars 2023.
On the one hand, we can hope that the surplus of cars from foreign markets will move to us and help reduce retail prices for cars in Russia, which are indigestible for most consumers. The efforts of AvtoVAZ and UAZ will obviously not satisfy him. New cars 2023.
What needs to happen to reduce prices in Russia? News today: Vladimir Putin will decide.
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