Russian automobile market has shrunk by 35.7% in 2015

Russian automobile market has shrunk by 35.7% in 2015

RusAutoNews.Com  – In December 2015, sales of new cars and light commercial vehicles in Russia decreased by 45.7% compared with December 2014 or by 123 682 sold units, and amounted to 146 963 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).

In 2015 new car and LCV sales declined by 35.7% or 890 187 units in comparison with the same period of the previous year. This year 1 601 126 cars have been sold.

Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented: «December sales of 147 thousand units represent the best monthly result achieved in 2015, at the same staying far below prior year’s all-time record of 270 thousand units. With this, annual sales of PC and LCV in 2015 reached 1,60 million units, 890 thousand units or 35.7% below 2014 level of 2,49 million units. Expectations for the new year are muted. AEB member forecast for the total market in 2016 is to reach 1,53 million units, assuming no major change in government support to the automotive sector. Under this condition, it appears possible to limit further volume erosion to a level of under 5% year-on-year. This would be some progress in view of the dramatic losses in the recent past, bearing in mind however that it remains uncertain when the market will finally stabilize and return to much needed growth».

Detailed market figues: AEB Press-Release