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Friday, 13 September 2013

Russia Autos Report Q4 2013:Automotive & Transportation Market Research Reports

Automotive & Transportation Market Research Reports
 
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Russia Autos Report Q4 2013
Sep 11th 2013, 00:00, by rnrmahesh

This quarter, BMI has revised its 2013 new vehicle sales forecasts downwards, against a backdrop of falling sales year-to-date. Light vehicle sales in Russia declined by 8.3% year-on-year (y-o-y) in July, to 234,569 units. Over the first seven months of the year, sales in this segment have now declined by 6.2% y-o-y, to 1,567,892 units. Following the strong decline in sales volumes, and with the country’s weak consumer story increasingly impacting the segment, we are downgrading our 2013 passenger car sales forecast to a 5% decline, to 2.6mn units, from a 3% fall previously, and now forecast a 5% decline …

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