Thursday, December 06, 2007
Russian market has its appeal
For riches beyond the dreams of avarice a car retailer need turn his gaze no further than Moscow.
Ninety per cent of a dealer’s profit there derives from new cars. Average operating margins are between four and five per cent. The annual demand growth chart looks like the flight path of a Harrier jump jet.
Next year the car market in Russia will be bigger than the UK and will reach three million in 2010, double what it was in 2005.
DATED: 06.12.07
FEED: AM
Ninety per cent of a dealer’s profit there derives from new cars. Average operating margins are between four and five per cent. The annual demand growth chart looks like the flight path of a Harrier jump jet.
Next year the car market in Russia will be bigger than the UK and will reach three million in 2010, double what it was in 2005.
DATED: 06.12.07
FEED: AM
