New car sales in Russia have reduced the drop

In October 2016, sales of new cars and light commercial vehicles (LCVs) in Russia decreased in comparison with the same period in 2015, 2.6% (3395 pieces) to 126,658 thousand cars, reported the press service of the Association of European businesses (AEB).

Compared to September 2016, car sales rose slightly — by about 1%, from the data AEB. In the end, reduced the gap from 2015: in January-September 2016 it sold 14.4% fewer cars than a year earlier, and in January-October — 13.3% (overall – 1,148 million cars).

“In October, sales in the automotive market showed a moderate decrease against the previous year, slightly outperforming the sales of September. This is a good result, confirming our expectations announced earlier that the trend of registration of new cars should improve by year-end,” said Chairman of the AEB automobile manufacturers Committee Joerg Schreiber (his words are in the message).

According to him, the “main driver” of sales in October were the seasonality, as well as government programs, stimulating sales to end customers (e.g. trade-in). “These programs will end soon, at least in the well known form in which we know them”, he warned.

Shriberg did not make a forecast for 2017, saying only that without significant government support “any trend to stabilization would be short.”

Nine out of ten of the most popular models was produced in Russia, indicated in the materials of the AEB. Sales of Lada increased by 13% to 23,307 thousand pieces, of which the ten most sold models hit Granta, Vesta, and Largus 4×4. In the top 10 also included the model of the KIA Rio, which took first place, and Creta Solaris with another South Korean made Hyundai.

Brands, the proportion of “AVTOVAZ” and its foreign shareholders of Renault and Nissan in the Russian market in October 2016, amounted to 32.2% (total sold 40,908 thousand), an increase of 2.3 percentage points in comparison with the same period in 2015, according to the AEB. KIA increased its share from 11.1% to 11.9% and Hyundai by 10.9% to 11.2%. The share of the Volkswagen remained at the level of 10.9%, and Toyota increased from 6.1% to 7.9%.

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