interest on deposits

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Prices for some Chinese cars began to decline due to full warehouses, experts from Otkritie Auto (the auto business unit of Otkritie Bank) reported. According to their data, only market leaders showed an increase in sales in November; as a result, a significant part of brands began not only to reduce recommended retail prices, but also to return significant support for trade-in and F&I.

In absolute numbers, Russians were the best sellers of Haval cars in November. 14.4 thousand cars found customers (an increase of 12%). The total number of Chery sales amounted to 11.3 thousand cars (plus 3% compared to October). Geely also showed an increase of 1%, selling 10.6 thousand cars. The Changan brand was also in the black, selling 6.6 thousand cars, 4% more than a month earlier. For the remaining brands from the top ten most successful “Chinese” brands in our market, sales in November either did not grow or even decreased. This may be the basis for revising the pricing policy.

“In the third ten days of November, one could notice that, in the struggle for market share, leading China brands began to reduce recommended retail prices for a number of models and return significant – several hundred thousand rubles – support for trade-in and F&I, and donate winter tires. And December at the start was already marked by an increase in the activity of customers who were attracted to showrooms by more humane price tags. For those who have been postponing the purchase for a long time, now is a good time to bargain and get a car at a good discount. In January, the same period will not end yet, but it will be easier for dealers to create urgency by showing customers new price tags for goods expected for delivery,” said Marina Dembitskaya, head of Otkritie Auto.

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Parallel imports of cars continue to fall. Thus, according to Otkritie Auto (the auto business unit of Otkritie Bank) and the Automarketer company, the volume of registrations of cars imported into Russia through parallel import channels in October decreased by 6% compared to September.

In general, the share of parallel imports at the end of October amounted to 10% of all registrations. This is the lowest figure since the beginning of the year. And in just 10 months of 2023, the share of such vehicles amounted to 13% of the total vehicle volume.

“The monthly volume of cars imported through parallel imports will continue to decline in the remaining months of 2023. And the share of such vehicles in the market volume will be set at 10%,” says Marina Dembitskaya, head of Otkritie Auto.

In the second month of autumn, cars of Japanese (34%), Korean (22%) and German brands (20%) were most often imported through an alternative channel. At the same time, the share of Chinese cars imported through an alternative channel is growing, despite the expansion of official sales. If in January the share of China brand registrations in the volume of parallel sales was less than 1%, then in October it was already 14%. In fifth place is the United States with a share of 5%.

In the structure of registrations in October among brands, Toyota again took the lead (minus 7% to September sales). The second and third positions were taken by Kia and Hyundai, which showed a decrease in indicators by 9% and 14%, respectively, during the reporting period. Volkswagen took fourth place in October (plus 20%). The top five is closed by the Chinese brand Zeekr, which improved its performance by 12% over the month.

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Sales of the new Iranian sedan Iran Khodro Dena have begun in several dealership centers in the Russian Federation. Cars are imported into the country through parallel import; these cars will cost the future owner 1.6–1.7 million rubles, writes Autonews.

At the same time, Russians have the opportunity to save additional money on purchasing such a car. To do this, the sedan must be purchased on credit, and the old car must be returned under the trade-in program. The discount in this case will be 300 thousand rubles.

The volume of the turbo engine of the new car for the Russian car market is 1.7 liters, and the power is 150 liters. With. The gearbox is a six-speed automatic. The maximum speed of Iran Khodro Dena is 205 km/h.

“The list of options includes: central locking, sunroof, heated front and rear seats, heated rear-view mirrors, rain and light sensor, parking sensors, rear view camera, cruise control, air conditioning, anti-lock brake system (ABS) and stability control system “, the material says.

In addition, Russians can purchase another Iranian model – Iran Khodro Tara, which is a modified Peugeot 301. Engine power is 113 hp. With.