Russia’s car market is forecast by consultants PwC to rise by around 5% in 2013, continuing the growth trend of recent years.
PwC expects the Russian car market to rise to around 2.9m units, up from 2.76m units in 2012.
Go deeper with GlobalData
It predicts that growth in 2013 will be largely driven by foreign car brands produced in Russia, which are forecast by PwC to see a 9% rise to 1.33m sales in 2013.
Imports of foreign brands are expected by PwC to rise 3 percent to 990,000, while Russian car brand sales will be flat at 580,000 units.
Earlier this month, the Moscow-based AEB announced that the Russian light vehicle market grew by 11% last year to reach 2.94m units.
It also said that it expects the 2013 market to consolidate at a similar level.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataJoerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented: “December 2012 closed with a small improvement over the same month last year, bringing full year sales to a level of 2.935 million units, up 11% from 2011. This result established a new sales record for Russia, exceeding the previous peak level of 2.918 million units established in 2008 – if only by a narrow margin.
“The outlook for the market in 2013 holds little promise for a quick return to growth at the double-digit rates enjoyed in recent years. An AMC member poll of industry expectations for the current year resulted in a scope of +/- 5% around a median of 2.95 million sales of PC and LCV in Russia in 2013. This suggests the market will consolidate at or close to its current level – an assumption supported by the actual performance in the last couple of months.”
The AEB data also shows that market leader Lada (AvtoVAZ) continued to lose share in 2012 as consumers were attracted to locally assembled foreign brands.
Top ten brands (light vehicle, AEB data)
| BRANDS | 2012 | 2011 | %ch |
| Lada | 537,625 | 578,387 | -7% |
| Chevrolet | 205,042 | 173,484 | 18% |
| Renault | 189,852 | 154,734 | 23% |
| Kia | 187,330 | 152,873 | 23% |
| Hyundai | 174,286 | 163,447 | 7% |
| VW | 164,702 | 118,003 | 40% |
| Nissan | 153,747 | 138,827 | 11% |
| Toyota | 153,047 | 119,505 | 28% |
| Ford | 130,809 | 118,031 | 11% |
| Skoda | 99,062 | 74,074 | 34% |
