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Russia’s car sales slide for 16 out of the past 17 months - June down 14.9% - Ford takes
a severe hammering - agony will get worse before it gets better, forecasters say
The trade’s plight in Russia’s recession-gripped new car market is revealing underlined by the grim realisation
that new car sales in Eastern Europe’s biggest market have now fallen for sixteen out of the past seventeen
months, thus widening the cumulative shortfall at halftime to 7.6 per cent.
-7.6%
Russia car sales slide after
6-months of this year
Signs that things are still getting worse rather than
better for Russia’s dejected car dealers, June’s 14.9 per cent sales dive was this year’s steepest decline,
dismissing hope that at last the worst was over.
Judged from the comments of industry insiders, there is worse to come. Mr Joerg Schreiber, Chairman of
Russia’s AEB Automobile Manufacturers Committee,
commenting on June’s vehicle sale performance, said “The [Russian car] market continues its downward
trend at an accelerating pace”, adding that “the market weakness has not reached its bottom yet”.
For this crisis-struck year, AEB forecasts combined
passenger car and light van sales (Light-Vehicle market) to fall by a third of a million units to some 2.45
million units.
Compared with the 2.77m light vehicles still sold in Russia during all of last year, that’s a 12 per
cent overall drop in this year’s projected sales...more
MORE
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DATA
AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:
RUSSIA
new car sales by
manufacturer and marque:
JUNE
2014 v JUNE 2013
6-MONTHS
2014
v 6-MONTHS
2013
RUSSIA
new car sales by
TOP SELLING MODEL:
6-MONTHS
2014
v 6-MONTHS
2013
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