Russian car loans incentives can come back in the second half of year, despite in April the end of government incentive to buy new cars was confirmed. Indeed, Russian Ministry of Industry and Trade will present a proposal to the government on the need to extend the program in the second half of 2014.
Russian Ministry of Finance plans to raise rates of excise duties on cars and motorcycles by 26.5 % by 2017 compared to 2014 in accordance with the draft of main directions of the tax policy of the Russian Federation for 2015-2017. Actually the excise tax is 34 rubles for 1 HP for vehicles with capacity of 90-150 HP, in 2015 it is planned to increase to 37 rubles, in 2016 - to 41 rubles and in 2017 to 43 rubles.
Fiat Professional, the commercial vehicles division of FCA, in the first quarter of 2014 increased sales in Russia by 39%. As released by the company, the achievement of such results was made possible through competitive pricing, effective marketing strategy of Fiat Professional in the Russian market and the launch of a new roadside assistance program, called" Fiat Top Assistance"
The President of AvtoVAZ, Bo Andersson, has disclosed the Russian Company mid terms business plan in a press conference. According to this plan of development the share of Lada in the Russian market must be at least 20% by 2020. In addition, the share of exports of Lada models will increase to 50% in the volume of external supplies of Russian-made cars.