In Russia sharply reduced the production of cars

car Production in Russia decreased in January—April 2020 33.5% yoy to 353 thousand units, to the materials of the Federal service of state statistics.

in April production of passenger cars fell by 79.2% in annual terms and by 72.3% the previous month.

Recall that at the end of last year, production of cars decreased by 2.5% to the previous year, amounting to 1.5 million units (in 2018 — an increase of 15.3 per cent to 1.6 million units).

we also Add that the sales of new passenger and light commercial (LCV) cars in Russia has fallen in April 2020 at 72,4% yoy (after rising 4% in March and a decline of 2.2% in February) to 38,922 thousand units, follows from the review of the Committee automakers Association of European businesses (AEB).

For the first 4 months of current year in Russia were sold 415,102 thousand cars and LCVs (down 19.1% in annual terms).

Commenting on these results, Chairman of automobile manufacturers Committee AEB Thomas Starzel noted that “after exceptionally strong sales in March 2020, in April in connection with the situation around COVID-19 dealer companies were forced to suspend or significantly restrict their activities.”

at the end of February, the international rating Agency Investors Service Moody’s did not rule out a decline in sales of cars in Russia in the current year by 4%, “amid continued slow economic growth and lack of government stimulus”.

And at the end of April experts of the consulting company PwC did not rule out that the sales of new passenger cars in Russia by the end of this 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.

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