Sunday, May 1, 2016

Ministry of Industry has predicted the car market recovery beginning in 2017 – RBC

LADA Motor Show in St. Petersburg

Photo: Sergey Ermokhin / TASS

The Russian car market may begin to recover gradually in 2017, said the head of Industry and Trade Denis Manturov. According to Ministry forecasts, the current year is expected to “turning to the subsequent growth»

Industry and Trade Ministry expects that the Russian car market will begin to recover next year. This statement was made in an interview to television channel “Russia 24″ Industry and Trade Minister Denis Manturov.

«In view of the fact that we expect that this year will be a turning point in terms of the preparation of our economy as a whole to the subsequent growth we proceed from the fact that from next year will be a gradual recovery of the automotive market. And we, of course, look forward to a gradual increase in the production of our automotive industry “, – quotes the Minister of” RIA Novosti “. “So in 2017, I think that will give perspective to the gradual increase in the volume”, – he added

According to previously voiced projected to the ministry, the production of cars in Russia in the current year may be reduced in the range of 5-7%.. Association of European Businesses (AEB), in turn, predicted that by 2016 Russia will have sold approximately 1.53 million cars against 1.6 million in 2015. Thus, according to the AEB forecasts, the drop in sales could be around 4%, whereas it was 35.7% in 2015.

In January 2016, according to the AEB, the fall in sales on an annualized basis was 29.1%. The association called these figures “are not the best start of the year.” “However, most of the annual forecasts, including our own, have better dynamics than the one that we saw in January,” – commented the result then chairman of the AEB Automobile Manufacturers Committee Jörg Schreiber.

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