@Builder,
Quote Blickers:
Quote:Most people in Russia can't afford to pay attention, let alone a car loan.
Quote Builder:
Quote:Still got those blinkers on, I see....
Nick Gibbs
Automotive News Europe
July 19, 2013 08:59 CET -- UPDATED: July 19 13:33 CET - adds detail, quotes
MOSCOW -- The Russian auto market will overcome its current slump and overtake Germany to become the largest in Europe - and the fifth biggest globally - by 2020 as car ownership increases, a Boston Consulting Group study said.
Western carmakers including General Motors, Volkswagen, Ford Motor and Renault have invested heavily in Russia on expectations that the market will grow as a rising middle class buy cars for the first time or upgrade aging models.(end quote)
What a laugh. So as of 2013, Russia still had not overtaken Germany in number of people buying cars. Dude, Russia has nearly
twice Germany's population. That means that percentagewise, less than half as many Russians as Germans can afford to buy a car in 2013. Since even in wealthy Germany not everyone can afford to buy a car, that means that Russia has considerably less than half the population able to afford an auto. So the idea that the average Russian has a car has been shown to be foolishly inaccurate-but expected from you.
For someone who pretends to expertise in international economics, it's rather embarrassing for you to miss these things.
Moreover, please note the date of of the report you are quoting-2013. That was the year before Russia's economy crashed due to the price of oil-Russia's main product-going down sharply and the US and EU sanctions. Russia went into a depression from which it has not recovered, and as a result most of the wealthier people in Russia are moving out of the country. London is a favorite destination:
Quote:Like several elite cities around the world, London is a favored destination for foreign money to escape political or economic hazards at home.
"Russians have been purchasing some of the biggest and most expensive homes here since at least the early 1990s," said Grigorev, a tall, dapper Russian-speaking Estonian.
After the Soviet Union collapsed 24 years ago, many of Russia's state-owned industries were privatized, creating vast wealth for the lucky few.
"The biggest wave began in 2012, when more political instability in Russia started, and that also coincided with a worsening economy there," Grigorev said.
http://www.usatoday.com/story/news/world/2015/05/31/london-russians-property/25864203/
The few people in Russia who can afford to buy a new car are leaving the country, the people left behind live in a depression ridden economic backwater. And no, most of them are not driving a car.