Russia has posted 2019 sales down 2.3% with a further fall of 2.1% expected for 2020, confirming the country’s continuing industry travails.
News of last year’s 2.3% drop adds to a long-term trend of declining numbers, although there was at least a degree of optimism in December, 2019, which saw an increase of 2.3% in sales of new passenger cars and LCVs in Russia.
Among the top ten bestselling models so far, all models are locally produced.
In December, 2019, sales of new cars and light commercial vehicles in Russia increased by 2.3 % compared with December, 2018 or by 3,995 sold units and amounted to 179,235 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).
However, full-year 2019 new car and LCV sales decreased by 2.3% or 41,059 units in comparison with the previous year. From January to December, 1,759,532 cars were sold.
“In a strong closing effort, December market sales improved by 2.3% year-on-year,” said AEB AMC chairman, Joerg Schreiber.
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By GlobalData“Despite that, cumulative sales in the fourth quarter however, remained in negative territory showing a 3% drop compared to the same period one year ago. Full-year sales in 2019 reached 1.76m units – 41,000 units or 2.3% below the level of 2018.
“For the current year, we expect similarly challenging market circumstances. Full year sales in 2020 are anticipated at a level of 1.72m units, which would represent a further 2.1% decline from the market level reached in 2019.”