The Russian auto market can show the negative dynamics already in October

The main components of rapid development of Russian auto market for the last five years were two basic factors - growth of income of the population and volume increase of auto crediting. The financial crisis has already caused the decline of credit volumes and in prospects it may influence negatively the income of Russians. As a result the dynamics of Russian automobile market will change its direction. Sergey Tselikov, the director of the analytical agency �AUTOSTAT�, has such opinion.
So if in August and September there was negative sales dynamics of some automobile brands then in October experts do not exclude negative dynamics of the whole market generally. In October 2007 234,600 new cars were sold on the Russian market. This year the peak figure of monthly new car sales volume (275,700 units) was fixed in April then there was gradual decrease to 235,000-238,000 units. According to the analysts of �AUTOSTAT� in October-November the further decline of sale is expected to 210,000-220,000 units. But this is lower than corresponding figures of the last year.