Top

AvtoVAZ revenues sharply reduced in Azerbaijani market

AvtoVAZ revenues sharply reduced in Azerbaijani market
Sale of Lada model cars decreased twice in Azerbaijan

Baku. 15 November. REPORT.AZ/ Vehicle export sector, one of the saving in the automotive industry of the Russian government, is still unable to cope with the task.

Report informs citing Kommersant, in 9 months of 2016, revenues of one of the industry's leaders, AvtoVAZ from export fell doubled by 45% in annual comparison. Supply to Kazakhstan, which is the biggest export market of the company, decreased by 71%.

Sale of Lada model cars decreased in Azerbaijani market, too. Sale of the model cars in the local market fell by about two-fold, namely to 1 500. However, sale of Lada increased to 108% - 1 300 in the Ukrainian market, also, the brand's market share increased to 2.9% from 2%. Even greater export growth of AvtoVAZ export observed in Europe - vehicles registration increased by 75% - to 3 100.

Notably, AvtoVAZ revenues from export fall rapidly. Amount of the revenue decreased from 7.77 billion RUB to 4.27 billion RUB over the last year, which means decline from 6.2% to 3.2% in the total revenue structure.

The document states that if demand decreases, the company will change its export strategy. 

If you find out orphographic mistake in the text, please select mistaken part of the text and press Ctrl + Enter.

Last added

Latest news



Orphus sistemi