In Russia collapsed sales of luxury cars

Sales of cars of class “luxury” in Russia fell last month by 47% yoy to 57 units, estimated by experts of the analytical Agency “AUTOSTAT”.

And in may it was sold for 9 cars less than in April 2020 in the month, when the country had stricter measures of quarantine related to pandemic, and most dealers were closed or working only online sales.

Earlier this week it became known that sales of new electric cars in Russia declined last month by 44% yoy to 15 cars. In January—may of current year in Russia were sold 92 new electric vehicle, which is 23% lower than the same period last year.

Recall also that sales of new cars and light commercial (LCV) cars in Russia fell in may 2020 51.8% yoy (after the collapse of the 72,4% in April and 4% growth in March) to 63,033 thousand units. For the first 5 months of the current year in Russia were sold 478,135 thousand cars and LCV (minus 25.7% in annual terms), it follows from the estimates of the Committee automakers Association of European businesses.

Commenting on these results, Chairman of automobile manufacturers Committee AEB Thomas Starzel noted that “the showrooms of Moscow, St. Petersburg and most of the regional dealers were closed for the entire month.” “Technical centers were able to resume work, and, accordingly, the flow of customers began to grow. We expect that in June amid the easing of restrictions in most parts of the country the situation is slightly improved, which will positively affect the sustainability of the dealer network. Implementation of the first package of measures of state support will contribute to the gradual recovery of the market in the second half of the year”, — the expert believes.

At the end of April experts of the consulting company PwC has not excluded that sales of news of passenger cars in Russia by the end of the current year may have fallen by 30% over the previous year to 1,142 million cars. In this scenario without taking into account stress factors for 2020 implies a decline of only 3.7% to 1.57 million vehicles.

we Add that the production of passenger cars in Russia, according to Rosstat, decreased in January—may 2020 37.2% yoy to 406 thousand units. With may production of passenger cars fell by 54.4% in annual terms, but surged by 70.3% of the previous month.

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