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New Passenger Car Sales in Russian Automotive Market During 2008-2010 by Month
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New Passenger Car Sales in the Russian Automotive Market During 2008-2010 by Month

Sat, 26/06/2010 - 16:00

New passenger car sales in Russia have continue to drop during January-May of 2010. Sales in the Russian automotive market have reached 614,000 units for 5 month of 2010 compared to 642,000 vehicles sold during the same period of 2009. Therefore, based on Gravitas Research previous estimates and data obtained from AEB Russia, sales drop in the Russian automotive market accounts for 4.5 per cent for January - May 2010 (YOY).

At the same time, given that new car sales in the Russian automotive market have dropped by more than 49 per cent during 2009, automotive industry in Russia showed signs of recovery in 2010. Passenger car sales in April and May of 2010 showed positive growth of 20 and 32 per cent (YOY) respectively.

According to Gravitas Research, among the key market growth factors that drive sales of new passenger car in the Russian automotive market are the following:

  • Support of the Russian automotive industry by the Government through introduction of the car scrapping scheme in Russia
  • Great need (as demand is still rather suppressed) for new passenger cars as Russia has low car penetration ratio
  • Revival of the Russian banking sectors with growing availability of automotive loans for consumers
  • Economic recovery followed by growth/stabilization of salaries in the key regional centers of the Russian Federation
  • Expansion of the vehicle lineup in the lower priced segment. Low costs (with a price tag below €10,000) vehicles from Renault, VW, KIA, Hyundai (and others) along with traditional vehicles produced by AvtoVAZ, UAZ, and GAZ.

 To illustrate dynamics of the new car sales, Gravitas Research provides market performance data summary for 2008, 2009 and beginning of 2010 by month.

Graph 1: New Passenger Car Sales in the Russian Automotive Market During 2008, 2009 and Beginning of 2010 by Month

Gravitas Research  - Graph 1 - New Passenger Car Sales in the Russian Automotive Market During 2008, 2009 and Beginning of 2010 by Month

 

Table 1: Comparative Analysis of the Russian Automotive Market Performance.
Car Sales by Month, 2009 -2010

 
Month
2009
2010
Monthly Sales
Cumulative Sales
Cumulative Change '09/08, %
Monthly Sales
Cumulative Sales
Cumulative Change '10/09, %
 Jan
       116,899
              116,899
-33%
            74,086
            74,086
-37%
 Feb
       134,912
               251,811
-36%
             91,922
          166,008
-34%
 Mar
      135,446
             387,257
-40%
          126,701
         292,709
-24%
 Apr
      135,733
             522,990
-44%
           163,299
          456,008
-13%
 May
      119,376
              642,366
-47%
          157,937
           613,945
-4%
 Jun
      118,579
             760,945
-49%
-
-
-
 Jul
       115,483
             876,428
-50%
-
-
-
 Aug
      110,934
             987,362
-51%
-
-
-
 Sep
       117,981
          1,105,343
-51%
-
-
-
 Oct
      116,700
          1,222,043
-51%
-
-
-
 Nov
      105,302
          1,327,345
-51%
-
-
-
 Dec
       128,132
         1,455,477
-50%
-
-
-

 

About Gravitas Research:
Gravitas Research is a specialized market research and consulting company, headquartered in London, UK. We publish premium market research reports, business analytics and industry analysis of the Russian, CEE and CIS industries and markets

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