PricewaterhouseCoopers: “Russian automobile market will shrink by 25-35% in 2015”

PricewaterhouseCoopers: “Russian automobile market will shrink by 25-35% in 2015”

AutoBusiness Review – According to the prediction announced by PricewaterhouseCooper, the Russian automobile market will shrink between 25-35% in 2015, excluding light commercial vehicles. The automobile sales figure will be in between 1.52 and 1.75 million, accordingly.

As predicted by PwC, the demand for Russian brands will be somewhere in between -10% shrinkage and +5% increase (a sales figure between 370-440,000 vehicles). The estimated shrinkage rate is higher for foreign brands: 23-33% (860-980,000 vehicles). The sales figure for new imported automobiles is expected to remain in between 290-340,000 (-48-55%).

According to PwC analysts, geopolitical situation, fluctuation in petrol prices, dollar vs. euro exchange rate and measures to be taken by the government in order to support the market such as; credit programmes etc. will be amongst the key factors, determining the course of the automobile market in 2015.