According to the forecast of the Association “Russian automobile dealers”, the decline in sales of new cars in Russia may reach 8% in 2020. The secondary market is likely to stay at the level of the previous year (5, 4 million cars), the press service of the RAD informed.
As noted, the direction of used cars retains a good potential, according to the results of 2019, the share of car dealers in this market grew by 3%. The number of cars sold at 1 DC also shows an increase to 792 units, mainly due to used cars: if in 2018 there were 227 used cars per 1 DC, then in 2019 this figure grew to 272 units. It should be noted that the number of dealerships grew to 3380 auto centers in the last year, while in the previous four years their number has been steadily declining.
At the same time, the increase of dealer networks is due to the Chinese brands, the share of which reached 19% in 2019 (645 dealers). Recall that at the end of 2019, the Russian car market reached 1 million 759 thousand cars (-2.3%), according to the Association of European Businesses. As it was predicted by AEB, sales of passenger and light commercial vehicles in Russia will continue to fall in 2020, by reaching 1.72 million units or 2.1% lower than the previous year.
