Russian market grows 6,9% over the first 6 months of 2017
- The Russian market recorded its fourth consecutive month of growth in June 2017 (+ 13.8%) and in the first six months of the year, the increase reached 6.9%, a figure in line with Inovev forecasts for the year (+ 5%), announced six months ago, while the Russian market continued to decline.
- After four years of uninterrupted decline, the Russian market seems to be firmly starting again, since the increases recorded in recent months are by no means negligible.
- The month of May 2017 had thus enabled the Russian market to record its first double-digit monthly growth for many years and the month of June confirmed this trend. If this growth were to continue, the Russian market could increase by 10% rather than 5% for the whole year , which would bring it to around 1.6 million units, the level reached in 2015.
- However, the Russian market reached almost 3 million units in 2008 and almost 3 million units in 2012, so it will still take time to regain such levels ... The increase over all six of the first months of the year is due in part to the help of the Russian government which has supported the car market through scrappage incentives and credit aid that it intends to pursue in the coming months.
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