The Russian market is up 10.6% in the first 9 months of 2017
- The Russian market (PC + LCV) rose by 10.6% over the first 9 months of 2017 total, with a volume of 1.13 million units. This recovery ends four years of uninterrupted decline, from 2013 to 2016. The clientele seems to have regained confidence, with the decline in economic sanctions against Russia and the tax incentives issued by the Russian government that allows certain customers to make auto purchases after several years of waiting.
- The Russian market could finish the year 2017 with a volume of 1.6 million vehicles, compared to 1.42 million units in 2016 and 1.6 million units in 2015. It would therefore return to its 2015 level but would still be far from the figures for 2012 (2.93 million units) or 2008 (2.85 million units).
- The year 2017 is characterized by a transfer of customers to the models produced locally, since this year the vehicles purchased and produced in Russia make up 84% of registrations, against 79% in 2016 and 66% in 2012. As a result, imports have dropped a lot. They went from 1 million units in 2012, to 300,000 in 2016 and probably 200,000 in 2017, a fall of 80% in six years. This is the result of the Russian government's policy of producing vehicles sold in Russia locally, including switching from SKD production (Semi Knock Down) to CKD (Complete Knock Down).
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