In the framework of the last online conference “AUTOSTAT Analytic Day: Car Market Forecast 2020 under uncertainty”, the experts shared their views on the development of the new passenger car market in Russia. According to the director of the analytical agency AUTOSTAT, Sergey Tselikov, this year the market of new cars in Russia may fall by 30-50%, depending on the development scenarios. And its volumes can range from 820 thousand to 1 million 140 thousand units.
As the main economic factors affecting the car market, the expert noted the price of oil, the ruble exchange rate, the purchasing power of the population, the size of the economically active population, car prices and a number of others. In addition, in April, a factor related to the coronavirus pandemic was added, which entailed a restriction on the conduct of business activities and a ban on movement in space, closing the borders of regions and cities, and breaking supply chains.
