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BRIC | RUSSIA      
Russian car sales spring in the air
Published: Tue, 28th Mar 2017 11:59:01 GMT  
 

Russia car sales history 2002 - 2016

Widely tipped to become one of Europe’s biggest car markets, and after terrifying autoindustry members by its reluctance to escape the lingering car sales slump that had gripped the country for the past four years, Russia’s long endured economic winter chill may be about to give way to warmer spring sunshine. Those with a high locally manufactured content, chiefly Lada, but also to an extent Hyundai-Kia and Volkswagen, were the most notable sales gainers during this year’s opening two months. Toyota and Nissan, so far this year, were two of the biggest losers. The same goes for Germany’s prestige car brands

Whichever way recent Russian car sales figures are scrutinised, the consensus view among market observers is that Russia’s much-depleted new car market may well be on the mend, thanks in no small part to underlying signs of an economic recovery and a near 11 per cent gain in the rouble’s value since November last year.

For a car market that saw sales plummet for 46 out of the past 49 months it is perhaps a bold thing to say that this deeply recessionary car market has finally seen its worst days.

That’s the upbeat message from latest Russian car sales figures, suggesting that before long the market could be back on a sustainable recovery path after terrifying most established autoindustry members by its reluctance to escape the long-drawn out car sales slump
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MORE BRIC ARTICLES LIKE THIS:

| Today’s Russian car sales are running at just half the levels seen in 2013  17 Oct 2017


| Lingering gloom as Brazil’s car sales continue to plummet  28 Nov 2016


| Turkey’s belated car sales spring likely nipped in the bud by failed coup frost  18 Aug 2016

 

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