The Russian market (PC + LCV) increased by 12.8% in 2018
- The Russian car market (PC+ LCV) increased by 12.8% in 2018, with a volume of 1.8 million units, compared to 1.6 million in 2017, a year that had already recorded an increase of 11.9 % compared to 2016.
- The reboot of the market has therefore increased in 2018, thanks to a return of a more favorable local economic situation, but we are still far from the 2012 registration records, when the Russian market approached 3 million units.
- According to Inovev, the catch-up is expected to continue in 2019, despite less favorable global economic conditions, due to slower growth. The Russian market is expected to once again reach the symbolic mark of two million units this year, an increase of about 10% over 2018.
- Manufacturers have all benefited from the revival of the Russian market in 2018, except of course GM, which pulled out of the Russian market several years ago. Ford said it is also studying a scenario of withdrawal from the Russian market, and is expected to announce its final decision in the coming weeks.
- In any case, the Renault-Nissan group (owner of Russian Autovaz) remains by far the leading manufacturer in Russia, with a market share of 36% (20% for the Lada brand), ahead of the Hyundai-Kia groups ( 22.7%), Volkswagen (12.0%), Toyota (7.4%), GAS (3.4%), Ford (3.0%), Daimler (2.5%), UAZ (2, 3%) and BMW (2.1%).
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