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:

Future of Car Insurance in Russia Kazan Starry Cycle Night Russia Transferred 78 Million Dollars to the UN Islamic Bonds Issued In Russia Central Bank Retains Key Rate At 11%









Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Kamchatka  Exhibitions in Moscow  Photo Exhibitions  Architecture  Cyprus banking crisis  Russian fashion  Fabio Capello  Modern Calligraphy Museum  Alexander Rodchenko  Russian tourism  Russian universities  St. Petersburg  Lyubov Popova  Mercedes-Benz Fashion Week Russia  VDNKh  Museon Park of Arts  house explosion in Astrakhan  Russian Cinema  Kaspersky Lab  Russian tax authorities  Exhibitions Sales  Moscow  Olympics 2012  Vologda  Russian business  Kolomenskoye  society  Russian medicine  Moscow City Library Centre  Lyudinovo  Russian regions  Mercedes-Benz Fashion Week   Paleontology  Tambov Region  travel to Russia  fashion designer  Tula  Isaac Levitan  Russian opera  Khabarovsk  Festivals in Moscow  Emir Kusturica  State Literary Museum  Russian radio  Theophan the Recluse  Kolomenskoe  Exotarrium  Sokolniki Park  Russian Spacemen  Installations 


Travel Blogs
Top Traveling Sites