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Executive Analysis of Developments in the Russian Automotive Industry : The Light Vehicles Market is Expected to Rebound Post-2017, Reaching $2-8 Million by 2021
Light vehicle sales in Russia are expected to grow from 2015 to 2021 as the economic recovery is set to push organic growth- Global original equipment manufacturers (OEM) based in Russia are estimated to increase manufacturing localization from the current 45% level in response to the devaluation of the Russian ruble- The dynamics of local production of B-subcompact vehicles are set to continue driving demand within the segment- Over 5 interviews were conducted face-to-face and over the phone by senior consultants/industry analysts with vehicle manufacturers, OEMs, regulation authorities, and distributors in Russia-
Top 5 Key Takeaways
The Russian market for light vehicles (LV) is projected to cross million units in 2021-
Automotive Industry: Top 5 Key Takeaways, Russia, 2015
The market for LVs in Russia is expected to rebound in 2017, reaching $ million LV sales, from the current sales of $ million-
To balance the effects of the economic recession and the ruble devaluation, OEMs are set to increase the levels of manufacturing localization in Russia from the current %-
The share of B-subcompact segment vehicles will continue to account for over % of the total domestic sales because of local production dynamics-
Renault-Nissan (AvtoVAZ) is set to remain the market leader, with a market share of over %-
The dynamics of local production of B-subcompact vehicles are set to continue driving demand within the segment-
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