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The report in focus

Commercial Vehicle Market in Russia. Results of 2019, Trends and Prospects

Commercial Vehicle Market in Russia. Results of 2019, Trends and Prospects

Exit date 03.04.2020

Format PDF

Price 850 eur.

In the report commercial vehicle market is traditionally subdivided into segments: light commercial vehicles (LCV), medium-duty vehicles (MCV), heavy-duty trucks (HCV) and buses (BUS).

03 april more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

Key figures of the Russian truck parc

News

State support of the car market will provide from 10% of car production by the end of the year

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The incentive measures taken in July to subsidize car loans and car leasing will provide from 10% of car production until the end of 2019. This was stated by the head of the Ministry of Industry and Trade Denis Manturov, noting that timely state support will ensure "preservation of at least the previous year’s production volumes", a slight increase in this indicator is also possible.

Recall that state support programs for the car market were launched for the first time in 2019 on March 1st. Then the government allocated 10.4 billion rubles for them, but in May the funds had run out, the TASS agency writes.

Since July 1st, the Russian government restarted the state support programs for demand in the Russian car market, allocating an additional 10 billion rubles for this. Earlier, Mr. Manturov said that the Ministry of Industry and Trade of the Russian Federation plans to extend the state support program for the automotive industry for 2020, funds have already been reserved.

According to experts interviewed by the analytical agency AUTOSTAT, the renewal of state support in its current form will not help return the car market to growth, given that not all buyers can use it, but it applies to a limited number of models.

According to Denis Petrunin, General Director of AvtoSpetsTsentr Group of Companies, state support programs are short-term programs to stimulate the car market, and global recovery of demand requires comprehensive support programs for the population’s well-being and large-scale federal projects. “Due to limited conditions, the greatest demand among participants in state programs is received by LADA brand, almost the whole model range is under the influence of preferential car loans. And here it is worth noting that an increase in the cost of cars that fall under the conditions of state programs would increase significantly the sales. However, in any case, additional sales promotion increases demand, and this, in turn, allows the market to go up, ” - said Anna Krasilnikova, the head of lending and insurance at Bashavtokom Group.

16.09.19 AUTOSTAT
Source: www.autostat.ru