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Premium and luxury cars perform better than the category of cars overall in Russia in 2020. According to the JATO Dynamics agency, the period of January to August 2020 saw the volume of new registrations in premium and luxury cars decrease at a slower pace when compared to the same period in 2019.
According to the experts of the analytical agency AUTOSTAT, the period of January to August 2020 saw a decline in volume sales in second-hand premium and luxury cars, seeing a 4% decline compared to the same period in 2019. This indicates that a higher number of high-income consumers are purchasing premium and luxury cars brand new, as opposed to choosing pre-owned models.
Mercedes-Benz Russia SAO maintained its lead in premium and luxury cars in 2019, despite losing shares to second-placed BMW Russland Trading OOO. The difference in shares between the two top players is growing smaller, with BMV showing strong competition to the leading player.
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Discover the latest market trends and uncover sources of future market growth for the Luxury Cars industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Luxury Cars industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.