Car Sales In Russia in 2015 Could Dive Nearly 30 Per Cent. GM Withdraws, But Ford Doubles Down. Russia’s new vehicle sales are expected to fall nearly 30 per cent in 2015 to 1.81 million, as the weak rouble continues to push up prices of imported cars and sanctions enfeeble the economy, IHS Automotive said. […]
Tag Archives | Russia sales
New Sanctions Against Russia Will Speed Decline In Auto Sales
Ironically, Retaliation Might Actually Help Renault. Harsher sanctions on Russia from the E.U and U.S. look set to put skids under the already sliding car market there, although any retaliatory measures could end up benefitting the Renault-Nissan alliance, the auto manufacturer most committed to the economically-ailing country. General Motors and Ford are also big operators […]
Russian Car Sales Fall Quickens
Business And Confidence Collapse As Rouble Weakens. “massive net capital outflows have continued which continues to undermine the value of the rouble” The fall in Russian car sales accelerated in June and is likely to gain pace as business and consumer confidence collapses, according to IHS Automotive. This will be of huge concern to manufacturers, […]
Russian Car Sales Slip Into Reverse, Hit By Political Problems
Long-Term Forecast Scaled Back Too, Although Market Will Be Huge. Long-term growth forecasts for the Russian car market are being slashed, as short-term sales plunge because of political worries, economic problems and currency weakness. According to industry consultants Roland Berger, the previous hope that Russian car sales could hit four million a year by 2020 […]
Turmoil In Emerging Markets Will Roil Big Manufacturers
Brazil Slipping, Turkey, Russia Too. Thank Goodness For China, But Will That Last? Emerging markets looked like a license to print money for hard-pressed vehicle makers for a while, but times are changing as economic frailties curb demand and foreign exchange turbulence makes business volatile and unpredictable. Traditional markets are bringing in the profits with […]
Russia Sales Rocked By Crimea Troubles, Support Withdrawal
Sales Could Fall By Up To Eight Per Cent In 2014. 20 Per Cent Plunge On Cards If Sanctions Ramped Up. Political troubles in Crimea lopped between two and four per cent from likely Russian car sales estimates for 2014, but recent action by the government to scrap support for car loans will mean sales […]