Production achievements: Russia 10 months 2016 and forecast 2017
- Nearly 80% of car production in Russia is sold in Russia each year. The level of the russian market has therefore a very great impact on the volume of local production.
- The Russian market declined in 2015 (-35%) and in 2016 (-12%).
For 2017, Inovev expects an increase of the Russian market (+ 5%). But everything depends on whether the economic sanctions imposed on Russia will continue (Donald Trump's policy will have to be closely monitored) and whether or not the Russian government is helping to revive the car market in Russia and Consequently the automobile industry in Russia. It will also depend on when and how much this revival will take place.
For 2017, Inovev expects an increase of the Russian market (+ 5%). But everything depends on whether the economic sanctions imposed on Russia will continue (Donald Trump's policy will have to be closely monitored) and whether or not the Russian government is helping to revive the car market in Russia and Consequently the automobile industry in Russia. It will also depend on when and how much this revival will take place.
- Taking these parameters into account, Inovev expects a 9% increase in Russian production in 2017, thanks in particular to a revival of the local market. This recovery has been noticeable for several months, as the Russian market rose by 0.6% in November 2016 (the first increase since December 2014), down from 2.5% in October and 11% in September And 18% in August.
- It should be noted that the Russian Ministry of Trade and Industry expects a 7% increase in Russian car production in 2017. It should be noted that in the first 10 months of 2016, Russian car production decreased by almost 9% While it had fallen by 27.5% in 2015 compared to 2014.
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