Posted on 02/17/2023 1:08:01 AM PST by familyop
MOSCOW, Feb 17 (Reuters) - Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine, with production plunging, prices soaring and buyers switching to cheaper used models. While analysts continue to debate the overall effectiveness of economic curbs on Russia, there can be no doubt they have hit hard in its car industry, which was heavily reliant on foreign manufacturers and imported parts.
(Excerpt) Read more at reuters.com ...
Not unexpected given that half of the manufacturing was by foreign brands.
Will be back to normal in two years.
For foreign manufacturers I don’t know. Renault used to make 40% of its profit in Russia.
I often wonder what other people do
I own 4 cars. Newest one is 18 yrs old.
Obviously I do my own wrenching.
All but one 4WD.
Add up the cost of all and it would not add up to one new
cheapie KIA.
Makes you wonder why Russians are so much more stupid than me.
Full disclosure; my great grand father was in the Imperial Russian army.
All those people that held onto their Lada Rivas must feel pretty smug now.
CC
I have two ‘18 year olds’. I’ll be working on one tomorrow. Rust in the top caliper bolt is causing the caliper to stick and pad scraping. After that some zip ties for the inside door panel which is loose.
Not living a Cuba lifestyle yet -but getting there.
I work on my own cars, too. In my youth, my favorite teacher (vo/tech) was descended from pre-Soviet Russians. Great man.
My dad hated working on cars. he’d give a book and say read it while he drank beer and watched to make sure I did not get hurt.
I’m probably the only 9 year old that ever changed a starter in a 1959 TBird.
I’m not Russian. Polish Jew. Catholic church keeps good birth records. How my great Grandfather got into the Imperial Russian Army, I have no idea.
BTW his MOS was Carpenter.
I still have an example of his work, a desk for his daughter.
My Grand mother.
And how is this different from the U.S.?
It isn’t. It is exactly the same. The propagandists are out in force and are not self aware.
I’m sure the Cubans will be glad to help with maintaining old cars.
And how is this different from the U.S.?
**********
It isn’t.
The mouthpieces for the US establishment are playing ‘look at the foreigners’ as a distraction from their own economic stupidity.
Economic stupidity that has been in full force for 30-40 years with a plethora of public & private commercial beneficiaries.
NS returned its value in energy sales and nobody cares about it much anymore in Russia.
There is universal understanding that putting too much in Western relations was a strategic mistake, hence the pivot to Asia.
Let NS be the issue haunting the European relations and be the example for non-Russian players who thought to invest in the European business and looking elsewhere as we speak.
Asia has everything in terms of consumer market the West has to offer and then some.
Regarding military reputation, professionals don’t care all that much about popular propaganda you are getting.
India and China are laughing looking at a small Russian contingent single-handely disarming the entirety of the de-industrialized NATO, which can’t even produce enough ammunition to sustain a (small) real war.
It makes me laugh how the media and dim-wits sucking its scum are defining ‘winning’ and ‘not winning’ until the war is concluded.
NATO is not winning for sure. Smart money are on Russia in the long run.
“Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine”
In 2035 it will be ILLEGAL for anyone to buy a new gasoline car and register it in California or many other states, along with ALL of the EU.
So while Russians may have a few hiccups getting car production localized there (no air bags or anti-lock brakes for you, peasant), they’ll still be buying gasoline (really diesel) cars in 2035, while much, possibly all of the West will be buying ZERO cars that are anything like today’s vehicles in both reliability and functionality.
Like I’ve said before, if the Ukraine Cheerleaders would spend 10% as much time fighting their US and European governments as they obsess over Putin and Russia, they’d get FAR MORE done to improve their own lives, as well as those around them.
If I were to believe everything from the WH and the lapdog media, I'd be shocked that there are any new car sales at all in Russia now. I'll take a wild guess that even engaged in WW3 with trench warfare, new car sales in Russia are higher now than they were prior to the collapse of the Soviet Union in 1991.
I don't have a lot of sympathy for anyone - in Russia or in the US - who can't find a new car to buy. My daily is a 25 year old Volvo station wagon with more than 200K and the original clutch.
The age of the average automobile in the US was 12.1 years in 2021.
In Russia the average car is 10,4 years.
If you’d deduct millions of the 1980 Lada Rivas which refuse to die and cost nothing to run, the average age is going to be probably half that of the US.
Of course the number of automobiles per capita in Russia is well under half that of the United States.
But at least that sentence passes for colloquial, American, English. Unlike some of the machine generated translations your Russian Troll farm has been posting lately.
Except, of course, for "10,4" English speaking countries use a period, not a comma, to designate the decimal, so you should have posted "10.4" if you want to continue the lie that "NorseViking" is an American Expatriate living in Russia, and not just an account at a Russian Troll farm. Whatever happened to the guy who posted as NorseViking a year ago? He never would have made such a simple error.
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