The shrinkage in St. Petersburg car market has slowed down in February

The shrinkage in St. Petersburg car market has slowed down in February

RusAutoNews.Com – According to Auto-Dealer-SPb data, 33,900 vehicles have been manufactured in St. Petersburg Hyundai, Nissan and Toyota plants during the January-February period of 2016, which is equivalent to a 23% year-on-year decline. The shrinkage rate has fallen by a half, in comparison with January figures. The downward trend has slowed down, thanks to the relatively lower decline in production in February. 23,400 automobiles have been manufactured in the city during the last month of winter, down by 6% only, compared to February 2015.

“Out of the best-sold models of the Russian market, manufactured in St. Petersburg, only Nissan X-Trail has recorded a rise in sales in the beginning of the year. The sales of other leading models manufactured in the city have fallen, especially Toyota Camry, by more than 30%” say Auto-Dealer-SPb analysts. “Despite this, the positivity in February dynamics should be noted. If the production volume of the GM factory is not taken into account for last February, the overall figure of the remaining three plants doesn’t indicate a decline for the last month of the winter” they continue.

The share of St. Petersburg market in Russian automobile production has risen by the end of the January-February period, in comparison with the opening month of the year, with 22.7% (21.7% in January 2016).

Seven models have been manufactured in St. Petersburg car factories in February: Nissan Qashqai, Nissan X-Trail, Nissan Murano, Nissan Pathfinder, Toyota Camry, Hyundai Solaris and KIA Rio.