The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

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“Without state support programs, the Russian car market will lose 10% in 2019”


The Russian automakers association together with the ROAD Association held a conference dedicated to the current Russian situation in the automotive market and sales forecast for passenger cars, light commercial vehicles and trucks for 2019.

The conference was attended by representatives of the largest automotive companies - AVTOVAZ, GAZ Group, KAMAZ, Sollers, Hyundai and Renault.

Summarizing the reports of the speakers, it can be built a chain of negative factors that complement each other, today the negative trends in the car market are reinforced - the increase in VAT, increase in prices for products and fuel, reducing the number of dealers, reducing incomes of the population.

The representative of PJSC “Sollers” Sergey Travkin noted another indicator that has deteriorated significantly lately - the “consumer sentiment index”. This factor, in his opinion, has a great importance, and, most importantly, it can be regulated. For example, it can be implemented by resuming government programs for the preferential purchase of cars. Executive Vice President of Sales and Marketing of AvtoVAZ, Jan Ptacek, noted that the effectiveness of state support programs can be noted by the sales results of May.

State support in the current situation is needed from all sides, not only from consumers - for example, the position of automakers will be well influenced by the resumption of the car recycling program, and the position of dealers - programs of the spread of gas engine fuel and preferential leasing.

The speakers also noted the need to develop the long-term programs to update the parc of Russia, especially in the segment of light commercial vehicles.

It is difficult to disagree with the fact that the results of the car market affect significantly the economic indicators of the country. Summing up the conference, ROAD President, Oleg Moseev, noted that without state support programs in 2019, the Russian car market would lose 10%.

Let us recall that in the forecast of experts of the analytic agency AUTOSTAT, which was announced in March, there are two options for the development of the car market: “For the year, we expect the market fall up to 5% in the baseline scenario. In the negative scenario, we consider the option of reducing up to 10% and, accordingly, falling of sales volume up to 1.47 million cars (excluding LCV)”.

26.06.19 AUTOSTAT
Source: www.autostat.ru