In 2020, the Russian car market will continue to fall. According to the forecast of the Association of European Businesses (AEB), in the next 12 months, sales of new cars will decrease by 2.1% compared to last year – to 1.72 million cars.
“In the coming year, we expect a similar market situation in complexity. The forecast for 2020 is 1.72 million units, which represents a further decrease of 2.1% compared to the level achieved in 2019, ”said Jörg Schreiber, Chairman of the AEB Automobile Manufacturers Committee.
In 2019, car manufacturers in Russia sold 1,759,532 new cars and light commercial vehicles, which is 2.3% (41.1 thousand units) less than in 2018. At the same time, in December, an increase in sales of 2.3% (179 thousand cars) was recorded. Thus, the Russian market for the first time showed growth after an eight-month decline.