Russian market increases in the first quarter of 2017
- After four years of uninterrupted decline, the Russian market finally seems to be rallying in the early part of 2017, since in the first quarter it has reversed the trend and is growing by 1.1%, which is a modest , but is nonetheless the first quarterly increase since 2012.
- As a result, manufacturers' forecasts in Russia have been adjusted upwards and show a market of 1.5 million units (VP + LCV) for 2017, against a market of 1.425 million units in 2016 and 1.6 million in 2015.
- Inovev for its part maintains its growth scenario published at the beginning of the year with a 2017 market at + 5%.
- However, not all manufacturers are faring alike :
• Some experienced increasing sales in the first quarter of 2017 : Mazda (+ 15.2%), PSA Group (+ 13.2%), Hyundai-Kia Group (+ 8.7%), Renault-Nissan Group (+5.6% with +8% for LADA, Russia’s leading brand), Tata Group (+ 4.8%), GM Group (+ 4.7%), Volkswagen Group (+ 1.8%).
• Others saw their sales continue their decline in the first quarter of 2017: Ford Group (-3.8%), BMW Group (-6.2%), Toyota Group (-8.5%), Daimler Group (-11, 7%), FCA Group (-16.6%), Geely Group (-40.0%).
- Renault-Nissan remains largely the leader of the Russian market with 36.5% of PDM in the first quarter of 2017.
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