Mexican Media Brands
Russia’s Car Market Stabilizes
Deliveries of passenger and light commercial vehicles in Russia totaled 229,400 units last month, down only 1% from November 2013, the Moscow-based Assn. of European Businesses reports.
#economics
Share
Deliveries of passenger and light commercial vehicles in Russia totaled 229,400 units last month, down only 1% from November 2013, the Moscow-based Assn. of European Businesses reports. It was the market's best result in 20 months.
Monthly car sales in Russia have dropped an average 20% per month since May, hurt by an economy reeling from sanctions triggered by the Ukraine conflict. AEC says last month's improvement was fueled by a new round of government scrappage incentives and a rush by consumers to buy ahead of expected price hikes in the new year.
Market leader Lada posted a 17% fall in November to 30,400 sales. Deliveries also declined at Volkswagen (-14% to 11,100 units) and Chevrolet (-22% to 10,500).
November sales climbed for Kia (19% to 20,700 units), Renault (8% to 19,200), Hyundai (4% to 16,200), Toyota (32% to 16,000) and Nissan (7% to 15,600).
Total car sales in Russia through the first 11 months of 2014 fell 12% to 2.22 million units, AEC reports. The group says November's results suggest a "rather promising" December.
RELATED CONTENT
-
Ford’s $42 Billion Cash Cow
F-Series pickups generate about 30% of the carmaker’s revenue. The tally is about twice as much as what McDonald’s pulls in.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future
-
Inside Ford
On this edition of “Autoline After Hours” Joann Muller, Detroit bureau chief for Forbes, provides insights into what she’s learned about Ford, insights that are amplified on the show by our other panelists, Stephanie Brinley, principal analyst at IHS Markit who specializes in the auto industry, and Todd Lassa, Detroit Bureau Chief for Automobile.