Russian truck market has grown by 8% in July

Russian truck market has grown by 8% in July

Autostat – Russian truck market has amounted to 4700 vehicles in July 2016, according to Autostat data, which is equivalent to a 7.9% year-on-year increase. Thereby, the market grew in four consecutive months.

Russian manufacturer KAMAZ has kept the leadership of the truck market, with a little bit under 40% share of the total volume in July. The figure is equivalent to 1800 units in quantitative terms – a third over last year. Another home brand GAZ occupies the second place, with 707 vehicles (-4.8%). The top-three is completed by Belarusian MAZ (314, +18.5%). German Mercedes-Benz (223, +18%) and Swedish Scania (212, +7.6%) came fourth and fifth respectively.

It should be noted that 26,600 trucks have been sold in Russia within the first seven months of 2016, which indicates a 6.8% year-on-year shrinkage.

The Russian LCV market, on the other hand, has amounted to 7500 units in July 2016, declining by 9.8% in comparison with the same period of the previous year. The shrinkage in the market continued to a third consecutive year.

Russian manufacturer GAZ has remained the leader of the LCV market, with half of the market volume in July. GAZ has sold 3800 vehicles, bettering last year’s performance by 7.8%. Another domestic brand UAZ came second, with a July figure of 1300 units (-34%). Yet another home brand LADA completed the top-three (611, -0.7%). Mercedes-Benz (539, -31.6%) and Ford (316, +27.4%) have also made it into the top-five.

47,600 light commercial vehicles have been sold in Russia within the first seven months of 2016, which is equivalent to an 8% year-on-year shrinkage.