Passenger car exports have risen by 126.5%

Passenger car exports have risen by 126.5%

Autostat – Russia has exported 12,200 passenger cars within the first 5 months of 2016 (excluding the Customs Union countries: Kazakhstan, Belarus, Armenia and Kyrgyzstan), which indicates a year-on-year increase of more than double.

Autostat explains the growth with two factors. Firstly, the export supplies of Russian car manufacturers have begun to increase. The supply of Volkswagen and Hyundai vehicles assembled in Russia has increased significantly. Secondly, the re-export of foreign brand vehicles from Russia remains to be profitable, especially the premium segment, which are significantly cheaper in Russia in comparison with other countries, due to the devaluation of the ruble.

Germany has become the most popular export destination (2200 units, +1656%), thanks to the Volkswagen production in Russia. Ukraine occupies the second place (1900, +414%), where a significant number of VW are exported, alongside LADA, Chevrolet and Hyundai. The top-three is completed by Uzbekistan (1500, +366%). The fourth growth in took place in Egypt exports, with the start of Hyundai Solaris supplies to the country. In addition, the number of vehicles exported to Lebanon, Iran, Hong Kong and Baltic states has risen noticeably.

Lada exports have shrunk year-on-year, by 8.2% to 3800 units. Volkswagen and Hyundai have achieved a record increase amongst the brands manufactured in Russia (2200, +1355%) and (1100, +832%) respectively.