Russian market Forecast in 2016 (PC+LUV)
- In 2015, the Russian automotive market (PC + LUV) should know an even stronger fall than the one known in 2014, as Inovev expects 1.75 million units this year, representing a decrease of nearly 30%, compared to the previous year.
- The economy is in recession. Falling oil prices, international sanctions and capital outflow have reduced investments, domestic consumption and imports. The strong inflation reduced net incomes, especially those of the working class. According to OECD, recovery in 2016 will be uncertain due to external environment and lack of structural reforms.
- For the automotive market, however, we observed in recent months a slowdown in the vehicle sales fall which means that the reboot of the market is not so far. This reboot would occur towards the end of 2016. The volume of registrations is expected to be slightly above 2 million units, representing an increase of 18% compared to the previous year.
- Following new model to be launched in 2016 can stimulate the Russian market during the year, are worthy to mention : the Lada Vesta (replacing the Priora) and X-Ray (Lada branded version of the Renault Duster).
- The Russian market also remains very dependent on imports. These have fallen by 57% over the first eight months of 2015 compared to the previous year.
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