Russia Truck Market
About this product:
Russia’s entire automotive market is growing at remarkable pace with imports of foreign makes steadily increasing. Significant recent reductions in duty rates on imported components have also increased the number of enterprises assembling foreign make trucks. Though inexpensive models are still the leading sellers, the rapid expansion of leasing mechanisms is helping Russian customers to purchase quality equipment. Domestic manufacturers dominate the market but their primary advantage remains low price, with quality still falling below modern standards. The development of the automotive manufacturing industry is a key priority of Russia’s industrial policy and the Russian government is actively encouraging foreign investment in the domestic automotive industry.