The Russian market will not reach 3 million units in 2013
- The Russian market will likely not reach 3 million vehicles (passenger cars and light commercial vehicles) in 2013. The market, which had accounted for 2,935,111 vehicles in 2012 (against 2,653,408 vehicles in 2011), slows down every month since last year. Beginning in 2013, the downturn continues: the Russian market increased by 5% in January, and then only 2% in February and declined 3.5% in March.
- The Russian market had reached a first peak in 2008 (2,849,330 vehicles), after a gentle growth period that began in 2004, following the economic "boom" and its consequences (increase of GDP, wages, household consumption...).
- The 2008 crisis and an uncontrolled economic development have led to a collapse of the market in 2009 ( down to 1,465,917 units), which then decreased by 49% in twelve months.
- Pushed by incentives introduced by the Government and which favoured vehicles produced locally, the market was revived in 2010 (to 1,910,573 vehicles), continued to grow in 2011 and reached a second peak in 2012.
- In 2013, the incentives seem to have lost their beneficial effects. Consequently the market will likely achieve poorer results than in 2012.
- Regarding carmakers, the AvtoVAZ-Renault-Nissan group is in first position in 2012 with 31% market share, ahead of GM (12.8%), Hyundai-Kia (12.3%) and VW (11.0 %).
Data source: File #55 - Registrations in the World by makes
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