Russia PC + LUV Market Situation in 2016
- The Russian car market (PC + LUV) has managed to limit its fall in 2016 (-11% compared to 2015), after three years during which vehicle sales tumbled by almost 50%: from 3 million in 2012 to 1,6 million in 2015. The Russian market seems to have finally stabilized in 2016 (1.43 million units) and it seems, according to the figures of the last three months of the year (-2,5% in October , 0.6% in November and -0.8% in December) that this market could return to growth by 2017. The Russian government has decided to revive the automotive market by large-scale economic measures. It thus foresees a 7% increase in vehicle sales for the whole of 2017 .
- The Russian market could also benefit from a partial lifting of the economic sanctions against Russia and also the rise in oil prices, the oil and gas sector remaining critical for the Russian economy.
- By 2016, in any case, the Russian market is returning to its lowest levels recorded over the past 12 years (in the years 2005 and 2009). In this context, the Renault-Nissan group remained the market leader, with 477,000 units (266,000 Avtovaz, 117,000 Renault and 94,000 Nissan), ahead of Hyundai-Kia (295,000 units), Volkswagen (162,000 units) Units) and Toyota (119,000 units). Most manufacturers saw their sales fall in 2016, except Toyota, GAZ, UAZ, Ford and BMW. GAZ and UAZ are 100% Russian manufacturers.
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