Tag Archives: AVTZF

Russian car sales starting to crank

The car market in Russia is giving otherwise lackluster European manufacturers some hope. But the usual suspects from other emerging markets are also getting involved.

The big car makers in the region — VW (VLKAY, quote), Ford (F, quote), Toyota (TM, quote) expect sales in Russia to rise 13% this year to 1.7 million vehicles.

Ford even thinks Russia can support 2 million car sales next year as the economy improves and the local version of the “cash for clunkers” subsidy program continues.

High-end brands like BMW (BAMXY, quote) and Daimler (DAI, quote) are ramping up even faster.

This could be great for Tata Motors (TTM, quote), which is sending its first Jaguars and Land Rovers to Russia this year.

It is also great for several local manufacturers. Sadly Kmaz is not traded in ADR form and while you can theoretically buy into Avtovaz (AVTZF, quote), the ADR is extremely illiquid.

Emerging Markets Insight Russia