Production forecasts in Russia in 2016 (PC + LCV)
- Between 2009 and 2012, Russian car production had increased significantly, catching up the backlog of 2009 and reaching far beyond it, at around 2.3 million units. But with the fall of the Russian market, which began in 2013 (-5%) and which was amplified in 2014 (-10%) and 2015 (-30%), Russian production fell back in 2013(-6%), and the decline was amplified in 2014 (-11%) and 2015 (-30%). The Russian government had intended to limit car imports into Russia in order to build more new models on the Russian soil. However, although imports fell sharply in 2014 (-20%) and 2015 (-40%), we have observed that the market decline and the fall in production are of equal magnitude.
- The revival of the Russian market and Russian production therefore did not take place in 2015,but there are signs of a possible recovery in 2016, including the easing of economic sanctions on Russia and the introduction of new government measures encouraging the purchase of new vehicles. Meanwhile, new vehicles are added to Russian production: LadaVesta, Lada X-Ray, Ford Fiesta, Nissan Sentra, Nissan Qashqai, Toyota RAV4. By contrast, Chevrolet and Opel have disappeared from Russian assembly lines.
- Inovev remains optimistic for 2016 and expects an increase of 37.5% of Russian production, to 1.84 million units, provided that incentives are put in place quickly.
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