Increasing taxation, rising tariffs and shrinking state aid in Russia are compounding the impact of falling vehicle sales and causing headaches for the finished vehicle market in the country
In total, 1.1m vehicles were sold in Russia from January to September of 2019, down 2.3% as compared to the same period the previous year. Sales had begun to gradually recover from a slide that began in 2012 and reached a record low of 1.45m in 2016. Between 2017 and 2018 those sales crept up to 1.8m but the market is unlikely to even match that figure this year.
In 2013, Russia’s Industry and Trade Ministry forecast that sales on the domestic market could reach 4m in 2020. That now seems a long way off.
Speaking on the sidelines of the Eastern Economic Forum, Russia’s Industry and Trade Minister Denis Manturov said…
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Volkswagen is sending 4,800 vehicles from Germany to North America on board a ro-ro vessel powered by liquified natural gas (LNG). The Siem Confucius, which was delivered to Siem Car Carriers in March this year, is headed for Mexico but will be making stops in Canada and the US..
At the Automotive Logistics Mexico 2020 conference, Antonio Zepeda Torres, commercial director for CSI Group, tells editor Joanne Perry about the company’s recently completed, six-storey car storage facility at Veracruz – the busiest port in the country for automotive traffic. He also discusses the wider challenges of transporting finished vehicles in Mexico.
Firefighters were called to the Blount Island vehicle handling terminal at the US port of Jacksonville (Jaxport) last Thursday when a fire broke out on the Höegh Xiamen car carrying vessel.
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