Sales of special-purpose vehicles have increased by 58% in Russia during the second quarter

Sales of special-purpose vehicles have increased by 58% in Russia during the second quarter

RNS – The sales of road-building and special-purpose vehicles have increased by 58% year-on-year in Russia during the second quarter of 2017 to 2260 units, as reported by the Association of European Businesses (AEB).

Russian market has grown by 44.8% within the first half of the year, with 3800 units.

Pent-up demand has an effect on the market growth, as told by the chairman of the AEB Road Construction and Special Equipment Manufacturers Committee: Andrei Komov. “Companies are forced to update the obsolete and non-utilisable fleet of vehicles, despite the high interest rates on loans and very high utilisation fees” – according to Komov.

“It’s worth noting that we are still very far away from full market recovery. In order to reach the pre-crisis levels, the market should grow by minimum 100% in 2018. There’s hope for the continuation of market growth, unless a negative regulatory impact is brought on the industry within the next 18 months” – Komov warns.

The sales of excavator-loaders have risen by 86% – to 507 units, crawler excavators by 60% to 717, chain-track tractors by 57% to 174, forklifts by 16% to 204 and wheel loaders by 31% to 293 units.