// IP Marketing video - START// IP Marketing video - END

Chinese car sales grow 88% in Russia

Chinese car sales grow 88% in Russia

PanARMENIAN.Net - Sales of Chinese cars rose 88 percent year on year in the first quarter of 2012 to 14,916 vehicles, while the overall market grew 19 percent, AVTOSTAT analytical agency said on Saturday, April 28.

The top-selling Chinese car brand in Russia was Lifan (4,545 cars), followed by Chery (3,402), with Geely in third place with 2,766 cars and Great Wall with 2,733. Chinese cars were most popular in the south of Russia and the North Caucasus regions, but made up only 1.5 percent of Moscow sales.

"In the next few years, we can expect a rapid growth in sales of Chinese cars in Russia," said Avtostat director Sergei Tselikov.

Their quality is good enough and rapidly rising, he said, and their low price was a considerable factor in their popularity especially in poorer regions.

“The market share of Chinese cars in Russia could grow from 2-3 percent now to 10-12 percent by 2014-15,” he added, RIA Novosti reported.

 Top stories
Meanwhile, New York has moved four places down the ranking to 13th position owing to a weakening of the US dollar in 2017.
According to a source, the Syrian army attacked several axes around Mesraba in a bid to overwhelm the Islamist rebels that defend the town.
Park Street, Calcutta’s iconic restaurant and bar street, has at least three other buildings credited to Armenians.
"The necessary funds are and will continue being allocated, including those for the purchase of new modern weapons," he said.
Partner news