Russia December gentle motor vehicle sales down 2.1% | Automotive Market News

Russia sales of new cars and gentle business autos lowered by 2.1% in December, or by 3,490 sold models, amounting to 166,666 autos, according to the AEB Auto Manufacturers Committee (AEB AMC).

In 2020, new vehicle and LCV sales reduced by 9.1% or by 160,707 units in comparison with the previous yr.

From January-December, 1,598,825 automobiles had been marketed.

“The year-conclude race with optimistic income dynamics in September-November completed underneath expectations: new car or truck profits in December, 2020 reduced by 2.1% vs. December, 2019,” said AEB Car Producers Committee chairman, Thomas Staertzel.

“The current progress pushed by forex devaluation, write-up-lockdown effects and greater need joined to awaited selling price adaptation has stopped and is adopted by a far more stable craze with lower industry demand.

“With finally 1,598,825 passenger autos and LCVs, 2020 income are even a bit bigger than new AEB AMC forecast, but nevertheless 9.1% beneath [the] previous calendar year.

“2020 was yet another quite demanding calendar year for the Russian automotive business: only four months with new car or truck product sales above [the] past yr. Regardless of all problems, the profits dynamic 2020 helps make Russia one particular of the most effective performers among the biggest automotive marketplaces worldwide and number four in Europe.

“This calendar year also demonstrates a really robust posture and prolonged-phrase marketplace commitment of the makers and that governmental help is crucial for a sustainable automotive enterprise in Russia. For 2021 we do not be expecting significant alterations and forecast a market place growth of 2.1%, which is only 33,000 more new passenger vehicles and LCVs, a whole of 1,632,000 autos.”

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