More than 700 thousand vehicles have been produced in Russia during the first seven months

More than 700 thousand vehicles have been produced in Russia during the first seven months

RusAutoNews.Com. – 611,000 automobiles have rolled of Russian production lines within the first seven months of 2016, according to Rosstat data, which indicates an 18.1% decline. The July production figure is 74,000 units, on the other hand, down by 19.8% in comparison with the same period of the previous year.

Truck production amounted to 70,400 units within the January-July period, which is equivalent to a 6.2% year-on-year rise. 11,700 trucks have been manufactured in Russia during the last month, indicating a 16.9% increase compared to last year.

Bus production has shrunk in Russia by the end of the first seven months of 2016, by 0.8% to 19,100 units. Bus factories have manufactured around 3500 vehicles in July, on the other hand (-0.2%).

According to the current forecast of ASM-Holding, a total number of 1.1 million passenger cars will be manufactured in 2016, which is equivalent to an 8.3% year-on-year decline.

The government plans to stimulate the demand in the market through various programmes. 22.5 billion rubles have been allocated for the renewal of the park, which is the main programme. According to specialists, government support is likely to be necessary in 2017 as well and will be required further beyond, until a steady growth is achieved in production and sales at least.