Slower growth of Russian market in 2012
 

The Russian market grew by 10.6% in 2012 (compared to 2011), to 2,935,111 units (Passenger Cars  + Light Utility Vehicles), which marks a sharp slowdown from the previous year (+38.9% in 2011 compared to 2010).

 

The most worrying fact is that the increase in sales in November and December is almost zero, foreshadowing a possible trend reversal in 2013, although it is still quite unlikely. The most credible hypothesis is a quasi-stable Russian market in 2013.

   The market does not seem to prompt a new wave of growth in the immediate future. The numerous carmakers’ investments (Volkswagen’s, Ford’s and Avtovaz’ in  particular) in the country could even cause problems with overcapacity.

 

Manufacturers have indeed invested heavily in recent years, installing new capacities in the country, attracted by this new Eldorado, which promised to surpass the German market in a few years.

 

As for carmakers, the Russian market in 2012 was dominated by Lada (18.3%), followed by Chevrolet (7.0%), Renault (6.5%), Kia (6.4%), VW (6 2%), Hyundai (6.0%), Toyota (5.8%) and Nissan (5.6%). The Renault-Nissan group (including AutoVAZ) is  by far the Russian market leader with a market share of 30.4% in 2012.


13-05-2



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