The car production in St. Petersburg has declined by 12% in June

The car production in St. Petersburg has declined by 12% in June

RusAutoNews.Com – According to data published by the agency Auto-Dealer-SPb, St. Petersburg based Toyota, GM, Nissan and Hyundai factories have manufactured 193,300 vehicles within the January-June period of 2014 (-4%). The June-only production figure is 28,400, on the other hand (-12%). On a monthly basis, this is so far the sharpest decline observed in the city’s car production this year.

The share of St. Petersburg car factories within the nationwide production has declined from 22.7% recorded in January-April period to 21%.

61% of the automobiles manufactured in the city belongs to Hyundai factory. This ratio was 58% last year. The share of GM, which was equivalent to 21% of the total production in 2013, remained at 15% this year.

The agency is of the opinion that the recent shrinkage in consumer demand for the erstwhile popular models manufactured in St. Petersburg such as; Chevrolet Cruze and Opel Astra is the reason behind the decline in production. GM factory, where these models are manufactured, had suspended production for 20 days due to insufficient demand, within the first six months of the year.

Furthermore, the agency estimates that the car production in the city will shrink by more than 5% during the second half of the year.

The four factories in the city manufacture the following nine models: Chevrolet Cruze, Opel Astra, Chevrolet Trailblazer, Nissan Teana, Nissan X-Trail, Nissan Murano, Toyota Camry, Hyundai Solaris and KIA Rio.