Experts in the automotive industry recommend that Russian consumers temporarily refrain from purchasing Chinese cars, given the upcoming changes in the car market.
In 2024, prices for Chinese cars may decrease by 10-15%, writes Pravda.Ru. Such data is reported by experts in the field, based on the current situation in the Russian automobile market and planned strategic steps by Chinese automakers.
Experts believe that by the end of 2023 there is no need to rush to purchase a Chinese brand car. In the near future, Chinese automakers plan to take measures to increase the competitiveness of their cars in the Russian market, including a significant reduction in prices. The main goal of Chinese manufacturers is to increase sales of their cars in Russia, which fits into their global expansion strategy.
Oleg Moseev, head of the Automarketer project, emphasizes that by 2024, Chinese automobile brands plan to double sales of their cars on the Russian market, reaching 1.2 million units. However, to achieve this ambitious goal, Chinese manufacturers need to reconsider their pricing policy and adapt it to the current market situation. It should be noted that a possible increase in the cost of auto loans may affect the demand for Chinese cars unless appropriate price adjustment measures are taken.
Source: Rosbalt
Mario Twitchell is an accomplished author and journalist, known for his insightful and thought-provoking writing on a wide range of topics including general and opinion. He currently works as a writer at 247 news agency, where he has established himself as a respected voice in the industry.
