Russia’s PC + LUV market increased by 11.9% in 2017
- The Russian car market (PC+LUV) increased by 11.9% in 2017, with a volume of 1,595,737 units (compared to 1,425,791 in 2016 and 1,601,216 in 2015), which reflects a recovery of registrations after several years of decline. Inovev expects an increase in this trend in 2018. The Russian market could exceed 1,800,000 units.
- The graph below clearly shows that the Russian market has moved from negative coefficients in 2015 and 2016 to positive coefficients from the spring of 2017, probably due to the return of confidence after a period of difficult economic conditions (economic sanctions, low oil prices ) but also to the Russian government's efforts to support activity in the local automotive industry.
- Which manufacturers have benefited the most from the restart of the Russian car market in 2017?
- The Renault-Nissan group made the most progress last year, with an increase of 21.1% compared to 2016, of which + 17% for Lada, + 16.5% for Renault and +12.5%. % for Nissan. It is the contribution of Mitsubishi that has allowed the Renault-Nissan group to grow by more than 21%. Mazda increased sales by 20.3% in 2017, Ford increased 18.4% and Hyundai-Kia by 15.6%. The leader in the Russian market remains the Renault-Nissan group, with 36.2% of the market share, ahead of Hyundai-Kia (21.4%), Volkswagen (11.3%), Toyota (7,4%) and Ford (3,2%).
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