Imports of new cars to Russia increased by 40 percent

At the end of March, about 66 thousand cars were imported into Russia, of which 33.3 thousand were new – this figure is 40% higher than last year. The most popular imported model is the Geely Monjaro crossover. This data is provided by the analytical agency Autostat.

From April 1, the Ministry of Industry and Trade planned to introduce a unified formula for calculating the recycling fee for cars imported from the EAEU countries (in addition to the Russian Federation, it includes Belarus, Kazakhstan, Kyrgyzstan and Armenia).

According to this formula, the difference in customs duties will be added to the amount of the recycling fee provided for a particular category of car, and the difference in VAT and excise taxes will also be added.

The ministry lifted the initial deadline, leaving the market in limbo – the barrier could be lowered at any time. And this caused a revival of supplies through the parallel import system.

In addition, the Chinese Geely Monjaro has an ultra-affordable version. In China, sales of the Geely Xingyue L Changfeng Edition crossover have started, costing 124.7 thousand yuan – that’s 1.4 million rubles.

To reduce the cost of the popular model, which Russians know as the Geely Monjaro, marketers decided to abandon the head-up display, massage and adaptive cruise control.

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