Automotive Investments: Climate in Russia, Focus on St. Petersburg and Leningrad Region
Russian Automotive Market
► A record level of investment in the industry
Commitment of most of the leading automotive players to establish
manufacturing facilities in Russia with overall new capacity over 1.5
million units by 2012
► A continued restructuring by Russian automotive players coupled with
several international acquisitions
► A clearly intensifying trend of a shift in new car purchases not only
toward foreign brands, but also toward a higher price segment
► A further aggressive expansion of car dealerships into the regions
Intensifying competition in the car finance market with the appearance
of many new players, including OEM banks, as well as attractive credit
instruments
September 4, 2008 7 Investment Climate in St. Petersburg and Leningrad Oblast
ERNST & YOUNG
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