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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

TOP-10 brands-leaders by SUV sales in Russia

News

In 2008 the capacity of the Russian market of auto components has grown 42 %

The total volume of the market of automobile components and spare parts in Russia in 2008 reached 46.45 billion USD, say analysts of company "AUTOSTAT". Almost the quarter of this sum falls on the primary market: 24 % and 11.05 billion USD. The secondary market is much more volume: its estimated capacity is about 35.4 billion USD (76 %). Thus, the total volume of the market of auto components grew 42 % in money terms compared to the level of last year that is significant. Such dynamics is caused both by fast growth of the primary auto market and proceeding change of the park structure to the benefit of more expensive in service foreign cars.
The review about the Russian market of auto components informs that despite the developing financial crisis and temporary problems of the Russian auto industry, the further prospects of the market of automobile components and spare parts remain optimistic enough. Because of the accent shift in manufacture structure of passenger cars in the Russian Federation to the benefit of foreign cars, the primary market capacity is growing. The similar picture develops on the secondary market as well: the increase of foreign cars in use causes the growth of market volume in term of money as despite reliability of cars of foreign brands they also demand periodic service and repair.
Nevertheless it is necessary to underline that if there is no doubt in perspective of the auto component market in Russia then the question about terms of achievement of certain figures remains open. Widening of the range of dates while forecasting (from 2010 till 2012) is caused by the fact that there is no clear picture of development of world and Russian economy in 2009. According to our estimations, in case if the country starts to overcome the crisis during next year the total capacity of the component market can already reach a point in 55-56 billion USD in 2010. In case the economy will be reviving during a longer period, the predicted level will be reached only by 2012.

26.12.08
Source: АВТОСТАТ