Sales of new cars increase by 10% in Armenia

ArmInfo.According to the data of the analytical agency AUTOSTAT, the market volume of new passenger cars of Armenia in the first ten months of this year  increased by 1.9 thousand units. This, as analysts of the agency  note, is 10% more than for the same period last year.

About 35% of the local automobile market falls on the Japanese Toyota  brand - from January to October, residents of Armenia purchased 650  of these cars. The second place with a big margin is occupied by  MercҐdes-Benz (140 units). Also during the reporting period, about  100 LADA, LEXUS and Nissan cars were sold. Other brands have  significantly lower indicators.

It should be noted that since 2015, when the transition period for  the application of the common customs duties of the EAEU countries  was set for the republic, by 2019 inclusive, 197 thousand cars worth  $ 528.3 million were imported into the country. Most of all cars  imported to Armenia are with 1.5 - 1.8 liters capacity, over the age  of 7 years engine. And this is about 70% of the total volume of car  imports to Armenia. In 2019, compared with 2015, the physical volume  of car imports to Armenia grew 72-fold. If 1,170 cars were imported  in 2015, then already in 2019, imports amounted to 84.3 thousand  units. This indicates that these machines are intended not only for  Armenia, but also for resale to neighboring countries. According to  the data of the State Revenue Committee of the Republic of Armenia,  in the first half of the current year alone 474 cars were exported  from the republic, compared to 200 for the same period of the  previous year. Most of the cars were exported to Russia - 283, then  to Georgia - 84, China - 75, with 15 delivered to Germany.

From January 2020, duties, especially on old cars that are now  imported into Armenia because of cheapness, will be equated to the  Eurasian tariff.