Minister of Industry and Commerce: “Russian car production may shrink by 5%-7% in 2016”

Minister of Industry and Commerce: “Russian car production may shrink by 5%-7% in 2016”

RusAutoNews.Com – Car production may go down by 5%-7% in Russia in 2016. The relevant statement has been made by the Minister of Industry and Commerce: Denis Manturov, as reported by TASS.

“In my opinion, the production will decline by 5% on the whole. I’d like to hope for a repeat of last year’s performance, however a shrinkage between 5%-7% seems the more likely outcome” said the minister.

The production of passenger cars has fallen by 27.7% year-on-year in Russia in 2015 to 1.213 million vehicles and trucks by 14.7% to 131,000 vehicles.