Russian LCV market has grown for the first time since December 2014

Russian LCV market has grown for the first time since December 2014

Autostat – New LCV market has grown in Russia in March 2016, following consecutive months of decline since December 2014. 7000 vehicles have been sold, which indicates a 3.7% year-on-year increase. According to Autostat data, the market had grown on a monthly basis for the last time as far back as 15 months ago, in December 2014 (+4.2%).

“The market growth in March 2016 is largely due to the low comparative base of the previous year. As one may remember, due to the devaluation of the ruble, the market had recovered for some time in the beginning of 2015, which was followed by shrinkage in February-March period. The monthly volumes of the LCV market remained below the 7000 units mark, during the first quarter of 2015. This is the reason behind the positive dynamics we observe currently” say the agency analysts.