What drop is predicted for the Russian car market in 2020?

The experts of the analytical agency "AUTOSTAT" shared their vision of the development of the car market in Russia. In their opinion, in 2020, the drop in sales of new passenger cars in Russia may range from 13 to 18% (by 2019), depending on development scenarios. Their volumes can range from 1.33 million (according to the pessimistic forecast) to 1.42 million vehicles (according to the optimistic forecast).

As the main economic factors affecting car sales, the experts took into account the cost of oil, the ruble exchange rate, the purchasing power of citizens, the number of the economically active population, the prices of cars and a number of others. In addition, in the spring of this year, a factor was added that the automotive world had not encountered before and which is difficult to calculate using the usual mathematical models - the coronavirus pandemic, which in the auto business entailed the restriction of the activities of dealerships, a change in the usual patterns of interaction with suppliers and customers, the necessity of introduction of new technical and marketing solutions.

More detailed information on the development trends of the Russian car market is contained in the report “Forecast of the Russian market of new passenger cars for 2020 (monthly monitoring)”, prepared by the experts of the analytical agency "AUTOSTAT".