Prices for Chinese cars began to decline due to full warehouses

Prices for Chinese cars began to decline due to full warehouses

​ Prices for some Chinese cars began to decline due to full warehouses, experts from Otkritie Auto (the auto business unit of Otkritie Bank) reported. According to their data, only market leaders showed an increase in sales in November; as a result, a significant part of brands began not only to reduce recommended retail prices, … Read more

Parallel car imports continue to fall

Parallel car imports continue to fall

​ Parallel imports of cars continue to fall. Thus, according to Otkritie Auto (the auto business unit of Otkritie Bank) and the Automarketer company, the volume of registrations of cars imported into Russia through parallel import channels in October decreased by 6% compared to September. In general, the share of parallel imports at the end … Read more

Iranian cars began to be delivered to Russian car dealerships

Iranian cars began to be delivered to Russian car dealerships

​ Sales of the new Iranian sedan Iran Khodro Dena have begun in several dealership centers in the Russian Federation. Cars are imported into the country through parallel import; these cars will cost the future owner 1.6–1.7 million rubles, writes Autonews. At the same time, Russians have the opportunity to save additional money on purchasing … Read more

Creating a Financial Safety Net: Expert Recommendations from Banki.ru

Creating a Financial Safety Net: Expert Recommendations from Banki.ru

Experts in a publication on Banki.ru gave recommendations on creating a financial safety net. In times of turbulence, it is necessary to be prepared for a crisis, layoff, unplanned expenses, repairs or large purchases. As analysts explained, the financial airbag is mainly aimed at saving money and putting it aside for an emergency. To form … Read more

Top 5 Cars to Avoid Buying on the Used Car Market

Top 5 Cars to Avoid Buying on the Used Car Market

When purchasing a used car, the future owner hopes that the car will not cause much trouble, writes “Behind the wheel” However, there are a number of cars that are not reliable. The WhatCar publication, together with the insurance company MotorEasy, conducted a study and found out which cars on the secondary market are definitely … Read more

Tips for Purchasing and Outfitting a Car: Essentials and Recommendations

Top 5 Cars to Avoid Buying on the Used Car Market

When purchasing a car, it is advisable to set aside at least 0.5% of its cost to purchase goods for it, advised Maxim Sokolov, an expert at the online hypermarket VseInstrumenty.ru, in a conversation with RT. Also, according to him, in the car, in addition to a set of documents, you must have a first … Read more

Top 5 Least Reliable Secondary Cars: Vauxhall Astra, Mercedes-Benz C-Class, Nissan Qashqai, Nissan Micra, Skoda Octavia, Mini Cooper

Top 5 Cars to Avoid Buying on the Used Car Market

In the secondary market, motorists often prefer to choose cars with a gasoline engine rather than a diesel one. However, some cars can cause owners much more problems than joy due to their unreliability. In particular, the rating of the least reliable secondary cars is headed by the Vauxhall Astra hatchback, writes Daily Motor. Owners … Read more

The Best Cars for Elderly: Affordable and Low Maintenance Options

Top 5 Cars to Avoid Buying on the Used Car Market

The main criterion when choosing a car for the elderly, in addition to price, is the cost of ownership. The list of differences of such cars includes low fuel consumption, affordable spare parts with a large number of cheap analogues, low repair costs and the same inexpensive after-sales service, experts from Otkritie Avto (an auto … Read more

SIAB Bank Joins Finstar Holding and Changes Name to FINSTAR BANK

Top 5 Cars to Avoid Buying on the Used Car Market

Shareholders were invited to decide on the renaming of the Bank SIAB to FINSTAR BANK at the general meeting of shareholders on September 19, 2023. SIAB Bank will join the Finstar holding brand with subsequent renaming into PJSC FINSTAR BANK and the launch of the rebranding process. The changes will come into force after the … Read more

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

The Rising Popularity of Chinese Cars in Russia: Survey Results and Trends

Almost two-thirds of Russians (64%) generally consider Chinese cars a worthy replacement for foreign cars that left Russia, and 59% agree with the statement that the quality of Chinese cars has become better. These are the results of a survey conducted by Otkritie Avto, the auto business unit of Otkritie Bank. 17% of respondents believe … Read more