Ministry of Industry expects another 5 billion rubles to support the demand in the auto market
OREANDA-NEWS. August 07, 2015. In 2015 it will be allocated only 20 billion rubles for the program to support demand. "We expect to bring the next (the third one) tranche of 5 billion rubles to those 10 billion and 5 billion rubles, which have been used [on the parc renewal program] in the first half of 2015", - said Denis Manturov, Minister of Industry and Trade of the Russian Federation, in an interview to" Vedomosti ".
Key elements of the system to stimulate demand, which is realized by the Ministry of Industry - are parc renewal program, the program of preferential leasing and program of preferential car loan. Target implementation of these three programs in 2015 was - 372 000 cars.
"Budget effectiveness of these programs is 1.65: only the VAT and excise taxes will be collected in budget this year in the amount of 52 billion rubles”, - said the Minister. – By speaking about statistics, it was already sold 274,895 cars in the framework of these measures of state support, among which 192,830 vehicles – by parc renewal program, 103,500 units - by the program of preferential car loan, and about 11 000 - by the program of preferential lease”.
According to Sergei Udalov, executive director of the agency "AUTOSTAT", without state support the market would fall significantly more, especially in the low-cost segment, the most sensitive to the adverse economic situation. And domestic auto plants and a significant share of foreign assembly plants work in this segment.
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