The expert explained the success of the Russian automotive industry in the global market

Today, October 20, it became known that Russia from the beginning of 2017 has exported cars and car parts abroad in the amount of $ 1.8 billion. It is reported by RIA Novosti.

According to the findings, the head of Minpromtorg Denis Manturov expects by the end of 2017 to increase this figure up to three billion dollars. In his opinion, Russia has all necessary power to reach the level of $3 billion. Reporters asked iReactor economist, expert of the Russian public service Academy at the RF President Vladislav Ginko to comment on the achievements of the industry.

«The success of the Russian automotive industry are linked to a number of factors. First, the state economic policy of the country, which focused on creating more flexible and competitive economy of Russia and focused on maintaining the growth in supply and demand for cars. It is not only the subsidy but also further improve the business climate, stimulates the creation of joint ventures with foreign partners and investing in them. Also contributes to the development of industry and the General trend to lower rates on car loans in Russia. Second, the global automotive market now have a unique opportunity to increase sales from Russia due to the fact that the steps of the administration of the White house for revision of NAFTA has led to a «freezing» investment projects in the automotive industry of Canada and Mexico amounting to more than $ 20 billion.

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In the United States are sufficient alternatives to these closed projects did not arise, besides, for the first time since the global financial crisis of 2008-2009 in the us economy, the decline of the auto lending. In fact, many of the global process chain for the creation of vehicles line up again now, and Russia can become the world’s largest manufacturing hub for the production of various types of transport, given the unique geographical position of our country.»

IReactor previously reported that the Petersburg car industry grew 31% in six months.

The expert explained the success of the Russian automotive industry in the global market 20.10.2017

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