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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

02 june 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

Dynamics of the Russian car market in February of 2019
  • 14.03.19 Dynamics of the Russian car market in February of 2019

    In February of 2019, sales of new cars in Russia fell by 3.6% in compare with February of 2018. The mass segment for the second month in a row shows a negative trend (-4.8%). Its sales amounted to 112,135 vehicles, which is 90.6% of the total sales.

    Archive

News

The head of BMW in Russia announced the beginning of the car market recovery

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In Russia, there is a trend towards market recovery. This was announced in an interview with RBC television by the CEO of BMW Group Russia, Stefan Teuchert. So, according to his forecast, sales of new cars in June will decrease by only 20% and in 2020 - by 15-30%. Recall that in April the fall of the Russian car market reached 72%, in May - 51%.

Mr.Teuchert also said that he did not believe in a pessimistic forecast for a market decline of 30-50% in 2020. “The intermediate scenario is a drop of about 15-30%, we believe that our company will be able to cope better than this scenario suggests, that is, a decrease of 10-15% is likely," - he said.

Earlier, the head of the Ministry of Industry and Trade of the Russian Federation, Denis Manturov, said that, according to the forecast of the department, the decrease in production and sales of cars in Russia by the end of 2020 will be from 15% to 30%. At the same time, the volume of state support measures, which was adopted today for the industry in the amount of 25 billion rubles, will allow to produce and sell more than 220 thousand cars in 2020.

According to Vladimir Miroshnikov, Director of Development of “Rolf”, the pace of recovery in the automotive market will depend on what market support programs the government is prepared to offer. To date, the proposed measures are clearly not enough to stabilize the market. Since June, limits on demand subsidy programs have been expanded, you can use them to buy a car for up to 1.5 million rubles, but the requirements for models accessing to them have remained the same, so the list of participating models has not changed.

“Market dynamics depend on measures to support the industry, as well as how soon these measures will be launched. In April and May, household incomes plummeted; some industries stopped in principle, which would also hit demand. It will be possible to speak about the car market returning to a positive trend only after recovery in all industries and segments. This year it will definitely not happen,” - said Vladimir Miroshnikov. 

10.06.20 AA "AUTOSTAT"
Source: www.autostat.ru