Car expert Popov explained the fall in prices for Chinese cars – Rossiyskaya Gazeta

“There are more brands and models, there are more options,” channel 360 quotes.

According to him, Chinese brands are doing well from a marketing point of view, but to have a complete picture of the Chinese automobile industry we would have to wait a few more years.

Popov also advised not to expect further price reductions.

“I think the prices will remain the same, but this should already be perceived as a price reduction,” the expert noted.

In Russia between January and September, 112.2 thousand new passenger cars were sold, 2.6 times more than in the same period in 2022. At the same time, the share of cars from Chinese brands increased from 8 percent of the total market in 2021 to 50 percent this year.

The Haval brand (12.8 thousand units) practically maintained the turnover of September in October, occupying first place. While the former leader among foreign cars, Chery (10.9 thousand units, -10% compared to September) has slightly slowed down its commercial momentum. Sales of Chery subbrands: Omoda (4.8 thousand units, -9%) and Exeed (4.4 thousand units, -3%) move in the same paradigm.

It was previously known that in 2023 the number of distribution centers of Chinese brands will reach almost 2 thousand. By the end of 2023 there could be another 300 more. In total, according to the results of nine months, there are 1,926 Chinese showrooms in Russia, that is, 52% of the entire network of Russian dealers.