Over the nine months of this year, the share of Chinese-made cars leased in Russia increased from 9.7% to 26.3%. On October 12, Izvestia was informed about this by Gazprombank Autoleasing.
According to experts, the increased interest of business in Chinese brands is associated with a shortage of equipment from leading manufacturers in other countries that have left the Russian market or suspended their activities in the Russian Federation. If in January-March of this year the share of “Chinese” in the transaction portfolio of the leasing company did not exceed 10%, then in April 2022 it amounted to 19.1%. From April to September 2022, the share increased to 26.3%.
Most of all (by 20%) the share of Chinese brands increased in the cargo segment. Experts attributed this to the fact that the “big European seven” (Volvo, MAN, Scania, Mercedes-Benz, DAF, Iveco and Renault) left the Russian market. Shacman (Shaanxi) brands were especially popular with lessees in January-September 2022 — 10.3% of all trucks handed over to customers. FAW accounted for 5.5% of sales, Howo – 3%.
In the passenger segment, legal entities and individual entrepreneurs preferred Geely (5.7% of total sales in the segment), Haval (4.3%) and Chery (2.8%) brands. Sales of the new Chinese brand Exeed reached 2.7%. The growing popularity of this brand was facilitated by the shortage of affordable premium cars on the market.
In the segment of light commercial vehicles, the growth in the share of Chinese manufacturers’ products was minimal (0.4%). The absolute leader among the brands was JAC, which significantly increased the volume of deliveries and took a share of 3% of the company’s total sales in LCV.
On October 10, the share of Chinese cars in Russia became known, which amounted to 30.3%. According to experts, the share of “Chinese” in the domestic market for the first time exceeded 30%. Most of all, residents of the Russian Federation purchased cars of the Chery brand – 1148 units. Next in the preference rating were Haval (771 units), Geely (538 units) and Exeed (252 units).
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