Russia’s new car sales falling like a stone

RUSSIA
Russia’s new car sales falling like a stone

Published: Tue, 07 July 2015 19:35:54 GMT

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Russia par car sales history plus 2015 AID Forecast

Russia’s slump-struck car market has rarely looked in worse shape, and the outlook for the rest of this year looks no less dismal.

Today’s consensus view among auto industry analysts points to a severe drop of between 30 and 40 per cent at best, thanks to the worst underlying rate of decline seen in recent memory.

Russia’s automotive industry, importers and dealers are taking a severe hammering, suffering greatly from the ill-effects of the country’s already deeply entrenched car sales slump.

-38.1%
Russia's new car sales decline after 5-months this year

Since the beginning of this year, Russia’s new car sales have almost halved, with monthly sales plummeting for five months running by between 27 and 45 per cent.

The latest plunge, with figures showing yet another eye-watering drop of nearly 40 per cent in May, has demolished Russia’s cumulative car sales total to just a touch under 600,000 units after five months, down by a steep 38.1 per cent against the same time last year.

This keeps this year’s much decimated Russian car market on course for the lowest annual car sales level since 2009, when sales slumped to just 1.35 million units from 2.7m sales in 2008...more

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-38.1% Russia's new car sales decline after 5-months this year

-38.1%
Russia's new car sales decline after 5-months this year