The Russian Automotive Industry
The Russian automotive industry started recovering in 2017 and confirmed its renewed dynamism in 2018:
- New car sales exceeded 1’625’000 units between January and November 2018, the market is up 13,7%
- The Russian truck market has grown by 20% in the first semester of 2018; over 37’500 new trucks were sold in this period and a
two-digitsgrowth is expected next year
- Car production in Russia grew by 14% between January and October 2018
- Incentivized by state programs and the weak ruble, Russian manufacturers are developing new projects and upgrading to EURO 6 standards for export markets
Any questions on the Russian automotive industry?
Check out our latest Russian Automotive Industry Report or ask for a free consultation: our team will be glad to help you research the market, develop sales or help you set up your company in Russia.