Foreign car sales in Russia up 40 pct in July

[Hurricane]

Foreign car sales in Russia up 40 pct in July
Mon Aug 25, 2008 7:35am EDT

MOSCOW, Aug 25 (Reuters) - July sales of foreign car brands in Russia rose by 40 percent year-on-year to 199,332 vehicles, figures compiled by the Association of European Businesses in the Russian Federation (AEB) showed on Monday. In January-July, sales of foreign car brands in Russia rose 46 percent compared with the same period in 2007 to 1,256,869. Following are July sales for the top-10 foreign car brands in Russia compared with the same period of 2007. The figures include foreign branded vehicles produced in Russia:

BRAND July 08 July 07 pct 7 MO'08 7 MO'07 pct
Chevrolet* (GM.N: Quote, Profile, Research, Stock Buzz) 18,831 14,730 28 144,532 99,197 46
Hyundai (005380.KS: Quote, Profile, Research, Stock Buzz) 20,680 13,554 53 123,494 67,439 83
Ford (F.N: Quote, Profile, Research, Stock Buzz) 19,168 15,248 26 116,794 97,030 20
Toyota (7203.T: Quote, Profile, Research, Stock Buzz) 20,108 13,604 48 108,855 85,935 27
Nissan (7201.T: Quote, Profile, Research, Stock Buzz) 13,967 10,084 39 91,514 62,137 47
Mitsubishi (7211.T: Quote, Profile, Research, Stock Buzz) 10,505 7,334 43 69,780 44,647 56
Renault (RENA.PA: Quote, Profile, Research, Stock Buzz) 11,132 9,020 23 67,722 54,189 25
Daewoo (GM.N: Quote, Profile, Research, Stock Buzz) 9,945 10,036 -1 62,470 50,482 24
Opel (GM.N: Quote, Profile, Research, Stock Buzz) 8,622 5,357 61 62,145 32,736 90
Kia (000270.KS: Quote, Profile, Research, Stock Buzz) 8,619 7,706 12 58,300 40,274 45
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Total 199,332 142,839 40 1,256,869 862,638 46
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* Chevrolet sales include GM-Avtovaz joint venture.
- Source: AEB Automobile Manufacturers Committee.

More here: http://www.reuters.com/articlePrint?...48801520080825

[Bravada]

What actually does make Chevrolet the most popular brand in Russia?




Anyhoo, Hyundai's growth is impressive and should ring a big bell in GM's Kremlin (i.e. Russian head office). Good to see Chinese makes still in the obscure end of the table, and Opel doing well despite only having the Western European lineup (i.e. w/o the Astra B, which is sold by GM-Avtovaz as Chevrolet Viva).

[HoosierRon]

Why doesn't GM just rebadge ALL Daewoos as Chevrolets?

[paul8488]

Niva Niva Niva Niva! I love it!

[Bravada]

Originally Posted by HoosierRon

Why doesn't GM just rebadge ALL Daewoos as Chevrolets?

They..... do

[HoosierRon]

Originally Posted by Bravada

They..... do

Maybe I am misreading the numbers. It looks to me like GM has sold 62,470 Daewoos in Russia this year.

[HVM]

Originally Posted by HoosierRon

Why doesn't GM just rebadge ALL Daewoos as Chevrolets?

These are pre-GM DAT models made by remainders of the old Daewoo empire in Uzbekistan and till the end of year in Romania although the romanian ones are probably sold in their home market only.

http://en.wikipedia.org/wiki/UzDaewooAvto
http://uzdaewoo.ru/content/main/HTML...ja/Avtomobili/

[samkung]

I wonder whether the recent event will affect this trend

[Bravada]

It is expected to. According to today's news, Russian markets got shattered by the sudden outflow of capital, and the wages are expcted to stagnate, while economists predict some rather sharp reductions in employment. The problem was that growth was fueled by the expectations of even more growth, once they are in doubt, so is current growth.