St. Petersburg automotive industry has shrunk by 18% in April

St. Petersburg automotive industry has shrunk by 18% in April

Auto-Dealer-SPb – According to Auto-Dealer-SPb data, Hyundai, Nissan and Toyota plants in St. Petersburg have manufactured 79,800 vehicles within the January-April 2016 period, which is equivalent to a 21% decline. The total April production figure of the factories is 23,900 vehicles, 18% below the same period of the previous year. It’s worth noting that a quarter of all car production in Russia has been made in St. Petersburg in April.

“Although the shrinkage pace of car production slowly began to decline in the city, it may rise back to the previous levels in May, due to the suspension in Toyota plant between holidays” – state the analysts from Auto-Dealer-SPb. “The launching of Hyundai Creta production in June will allow the St. Petersburg car industry to improve the situation considerably during the Summer months. We may observe the first positive results in Autumn, when the production of Toyota RAV4 starts” – added the analysts.

The share of St. Petersburg in Russian car production continues to rise. The share of the city reached 23.1% by the end of the January-April period (22.4% during the first quarter).

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