Add to favorite
 
123
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS
russian visa


Domestic Car Market Drops Down
March 28, 2016 12:22


(Source: http://avto-fan.com/russian-car-manufacturers)

The domestic car market may shrink by 12 percent in 2016, this forecast was pronounced at the Russian Automotive Forum, as “Autostat” reports.

According to experts, the sale of vehicles will not exceed 1.4 million units. It is 100 thousand cars less than previously forecasted by the Association of European Businesses (AEB).

There are prerequisites for the more pessimistic forecasts: no more than 1.2 million units will be sold. Annual results depend on oil price which determines the value of the rouble in many ways. The pre-crisis level of sales used as a basis by investors when developing strategies for Russia can be achieved at a price of $ 100 per barrel, as the experts noted. According to them, it will take at least ten years.

According to AEB forecast for 2016, the volume of the Russian car market will amount to 1.53 million units. In February of this year the market showed the smallest drop in 14 months. According to the opinion of the Chairman of the Committee of Car Makers of Jörg Schreiber’s Association, this effect is due to the low base of last year. The used car market grew by 10.9 percent in February – up to 370,000 sold cars. Positive dynamics of sales was marked for the first time since December 2014. The three leaders of the domestic car market included “AvtoVAZ” with the result of 19035 sold cars (minus 19 percent); KIA - 11492 cars (minus 9 percent) and Hyundai with 10510 sold vehicles (minus 21 percent). On February 26 it was revealed that more than half of new cars sold since the beginning of 2016 were purchased with the help of government programs for stimulating demand.


Sources: http://lenta.ru 


Author: Anna Dorozhkina

Tags: car market     

Next Previous

You might also find interesting:

Procedure Of Ukraine Accession To NATO Might Be Accelerated Yandex. Air tickets State Support for Small and Medium-sized Businesses in Russia Formula 1 Bahrain Grand Prix The Export of Capital from Russia by Private Sector Companies in 2017 Amounted to $ 31.3 Billion









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
travel to Russia  Yakov Khalip  Russian models  Belomorskaya station   Artyom Mikoyan  Russian theatre  St. Petersburg  Amur Tiger  VDNKh  Tourist Information Center  Misha Brusilovsky  Yakutia  Festivals in Moscow  Russian television  activity holidays  Exhibitions in Moscow  Vyshny Volochyok  Krasnodar Territory  Ivan Sechenov  Mercedes-Benz Fashion Week Russia  traffic  Events in Suzdal  Russian Rock Music  Russian Cinema  Ski resorts  Relics  International Cellists Competition  Arts and Crafts  Suzdal  society  Russian celebrities  Russian tourism  Russian business  Russian history  Fashion week  Russian Actresses  Moscow  alcohol price  Visa   Russian Railway Tours  Russian regions  Premier League  Kamchatka  Science  North Caucasus  Pechory  Maria Sinyakova-Urechina  Nature Reserves  Garbage  Events in Moscow 


Travel Blogs
Top Traveling Sites