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PricewaterhouseCoopers: “Russian automobile market will shrink by 25-35% in 2015”

AutoBusiness Review – According to the prediction announced by PricewaterhouseCooper, the Russian automobile market will shrink between 25-35% in 2015, excluding light commercial vehicles. The automobile sales figure will be

Market

Russian vehicle market has shrunk by 24.4% in January

RusAutoNews.Com – According to Association of European Businesses (AEB) data, 115,390 new automobiles and light commercial vehicles have been sold in Russia in 2015. Thereby, the market has shrunk by 24.4%

Commercial vehicles Market

According to KAMAZ, Russian truck market will hit the bottom in 2015

RBK – The head of KAMAZ Strategic Development Department: Igor Savelyev predicts that the 14-40 tonnes truck market will hit the bottom in 2015 and recover to an average growth

Commercial vehicles Market

LCV sales have fallen by 15.4% in Russia in 2014

Kommersant – According to Autostat data, new light commercial vehicle sales have fallen by 15.4% in Russia last year. 139,600 vehicles have been sold. As one may remember, according to

Market

The share of Chinese brands in Russia has remained below 3.5% in 2014

ABReview – Chinese brands had 3.3% share of the Russian market in 2014. This ratio was 3.8% in 2013. Nine Chinese brands are being sold in the Russian market. The

Market OEMs

The sales of Ford Sollers have shrunk by 40% in 2014

Autostat – Ford Sollers has sold over 65,000 Ford brand vehicles in Russia in 2014 (-40%). The highest monthly sales figure has been recorded in December, with 9159 vehicles. The

Market

Russian new car and LCV market has shrunk by 10% in 2014

A1Perform – According to Association of European Businesses (AEB) data, 2,491,404 new cars and light commercial vehicles have been sold in Russia in 2014. This is equivalent to a 10.3% decline,

Market OEMs

AVTOVAZ will increase prices by 9%

Kommersant – Russian car manufacturer AVTOVAZ has announced price rises of average 9% as of 15.01.2015. The lowest increase rate will be at Lada Granta, with 5.4-5.8%. The company chairman

Market

Russia has switched to Euro-4 class vehicle fuels

RBK – Russia has switched to Euro-4 class vehicle fuels as of 1 January 2015. In other words, Euro-3 class petrol and diesel fuels will not be used in vehicles

Market

According to Russian dealers, the automobile market will recover in 2016-2017

Autostat – According to the survey conducted amongst the members of the Russian Auto Dealers Association (ROAD), the dealers are of the opinion that following the shrinkage in automobile demand