Russian car market has decreased by 9% in 2020

Russian car market has decreased by 9% in 2020


 

RusAutoNewsCom.- Russian car market has decreased by 9.1% in 2020 in comparison with the previous year, as announced by AEB.

According to the AEB data 1,598,825 cars cars have been sold in 2020 in Russia, 160,707 units less than in 2019.

In December 2020, sales of new cars and light commercial vehicles have decreased by 2.1% compared with December 2019, or by 3,490 sold units, and amounted to 166,666 vehicles.

Lada was the most populer brand of the Russian car market in 2020 with 343,512 units sold, indicating 5% year-on-year decline. Lada Granta was the most popular car model with 14,406 units sold in 2020 in Russia.

Dr. Thomas Staertzel, Chairman of the AEB Automobile Manufacturers Committee has commented: “The year-end race with positive sales dynamics in September-November finished below expectations: new vehicle sales in December 2020 decreased by 2.1% vs. December 2019. The recent growth pushed by currency devaluation, post-lockdown effects and increased demand linked to awaited price adaptation has stopped and is followed by a more stable trend with lower market demand.

With finally 1,598,825 passenger vehicles and LCVs, 2020 sales are even slightly higher than recent AEB AMC forecast, but still 9.1% below previous year. 2020 was another very challenging year for the Russian automotive business: only 4 months with new vehicle sales above previous year.

Despite all difficulties, the sales dynamic 2020 makes Russia one of the best performers among the biggest automotive markets worldwide, and No. 4 in Europe. This year also demonstrates a quite robust position and long-term market commitment of the manufacturers and that governmental support is vital for a sustainable automotive business in Russia.

For 2021 we do not expect significant changes and forecast a market growth of 2.1%, which is only 33,000 more new passenger cars and LCVs, a total of 1,632,000 cars.”

Please see the AEB press release for detailed Russian car market figures.