Foreign brand body parts repair market is five times larger than the domestic brand market in Russia

Foreign brand body parts repair market is five times larger than the domestic brand market in Russia

Autostat – According to Autostat survey, the magnitude of body parts repair market for automobiles has reached 4.63 million units in Russia in 2014. 60% of this amount belongs to foreign brands (2.71 million units). The total monetary value of the market is over $750 million. $630 of this sum belong to foreign brands. In other words, the money spent on the repairs of the body parts of foreign brand automobiles is five times higher than the expenditure on domestic brands.

The survey also included the outer body elements, which were damaged due to traffic accidents and sent for repairs. Accordingly, 470,000 autoglasses had to be changed in 2014, due to reasons such as traffic accidents and stone collisions. The monetary value of this amount is equivalent to $46 million, approximately.