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AVTOVAZ raises recommended retail prices of LADA cars by 3% on average.

January 28, 2013, 20:00 UTC+3
Now, the company’s industrial capacity is about 800,000 cars and car units a year
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SAMARA, January 28 (Itar-Tass) – Russia’s biggest carmaker AVTOVAZ increases the recommended retail prices of LADA cars starting from January 28, the company’s press centre said, adding that the hike of prices would make up three percent on average.

“AVTOVAZ updates the recommended retail prices due to the inflation forecast in Russia for 2013,” the press centre explained.

The hike of prices will be effective only for the cars with vehicle certificate of 2013 and will take into account the structure of demand for several models and versions of LADA cars, the press centre said. For example, the price of LADA Samara will go up by 3.7 percent, the price of LADA Kalina will increase by 3.3 percent, the price of LADA 4x4 will grow by three percent for the five-door version and by 3.3 percent for three-door version, the prices of LADA Granta will be raised by three percent, the prices of LADA Largus will edge up by 2.8 percent and the prices of LADA Priora will go up by 2.6 percent, the press centre said.

In 2012, AVTOVAZ raised the recommended retail prices of LADA cars thrice (in January, March and July). All in all, the hike of prices made up six percent, while the country’s inflation rate amounted to 6.5 percent in 2012.

Under earlier reports, AVTOVAZ sales of cars and automobile units exceeded 718,000 in 2012. However, the press centre stated that AVTOVAZ indicators of 2012 were below the indicators of 2011, when the company sold about 730,000 cars and autonomic units. The planned decline of the indicators was linked with the renewal of the company’s model line-up and upgrading of the production facilities, which were held at the plant in 2012.

In general, 19.4 percent of the Russian new cars market accounted for the carmaker’s major brand LADA in 2012, the press centre said. The company sold 537,625 LADA cars inside the country, as well as exported 70,580 cars and 22,772 automobile units.

AVTOVAZ is one of Europe’s biggest carmakers. Now, the company’s industrial capacity is about 800,000 cars and car units a year. The plant has manufactured more than 27 million cars since 1970. While starting the production of cars for the Nissan company in 2012, AVTOVAZ became a multi-brand carmaker.

 

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