New car sales in Russia have now fallen for 18 out of the past 19 months, and of late sales have not just dropped but plunged

RUSSIA
Russia’s car market is looking very sickly
New car sales in Russia have now fallen for 18 out of the past 19 months, and of late sales have not just dropped but plunged

Published: Tue, 16 Sep 2014 17:01:53 GMT
Tweet

Russia’s August sales took a headlong 24.3 per cent dive into negative territory, coming in the wake of 14.9 and 20.3 per cent falls in both June and July, tempting AID’s market watchers to the view that Russia’s car market looks seriously sick and the patient’s health has continued to worsened alarmingly with each passing month.

That’s the sobering picture painted by grim recent figures of a fast deteriorating market that not so long ago was still tipped to become Europe’s biggest car market.

Drawing attention to Russia’s fast deterioration new car market, which is currently subjected to the fastest pace of decline in any major market.

-24.3%
Russia's August car sales dive

Following 11-months of tumbling sales last year, the current year kicked off with a comparatively modest 3.7 per cent car sales slide in the first quarter.

That was followed by a notably steeper 10.3 per cent drop in the second quarter.

The steep fall-off in demand seen since then has tempted AID’s forecasters to the gloomy view that Russia’s sick-looking car market, if left totally unaided, remains on track for a thumping one quarter plunge during this year’s third quarter.

Adding, AID believes that the intensifying car sales drought seen in Russia of late still has a lot further to run....more

MORE LIKE THIS:

> BMW now sells more cars in Korea than in Russia, says AID Newsletter 16 Sep 2013

> Russia slips deeper into hibernation 23 July 2013

> World Cup fails to put kick into Brazil’s car showroom spending 30 June 2013

DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:
RUSSIA new car sales by manufacturer and marque:
AUGUST 2014 v AUGUST 2013
8-MONTHS 2014 v 8-MONTHS 2013

RUSSIA new car sales by TOP SELLING MODEL:
8-MONTHS 2014 v 8-MONTHS 2013

To continue reading this article, please register for a free sample without obligation...

Please note that eagleAID.com is a subscriber-only site, and as such it can only be viewed by subscribers to the newsletter.

-24.3% Russia's August car sales dive

-24.3%
Russia's August car sales dive