Russia December light-weight vehicle product sales down 2.1% | Automotive Market News

Russia profits of new cars and trucks and light commercial cars diminished by 2.1% in December, or by 3,490 offered models, amounting to 166,666 cars and trucks, according to the AEB Automobile Suppliers Committee (AEB AMC).

In 2020, new car and LCV gross sales lowered by 9.1% or by 160,707 units in comparison with the past yr.

From January-December, 1,598,825 cars and trucks were being sold.

“The year-finish race with optimistic product sales dynamics in September-November completed below anticipations: new automobile sales in December, 2020 lowered by 2.1% vs. December, 2019,” mentioned AEB Auto Manufacturers Committee chairman, Thomas Staertzel.

“The current expansion pushed by currency devaluation, article-lockdown effects and increased desire connected to awaited rate adaptation has stopped and is followed by a a lot more secure trend with reduce sector demand from customers.

“With last but not least 1,598,825 passenger cars and LCVs, 2020 profits are even a little bit higher than modern AEB AMC forecast, but nonetheless 9.1% down below [the] previous 12 months.

“2020 was yet another very demanding 12 months for the Russian automotive business enterprise: only 4 months with new vehicle profits previously mentioned [the] former 12 months. Even with all troubles, the revenue dynamic 2020 helps make Russia a single of the best performers between the most significant automotive markets throughout the world and variety 4 in Europe.

“This year also demonstrates a pretty sturdy placement and very long-term industry determination of the companies and that governmental guidance is critical for a sustainable automotive organization in Russia. For 2021 we do not count on significant adjustments and forecast a current market development of 2.1%, which is only 33,000 much more new passenger cars and trucks and LCVs, a whole of 1,632,000 cars and trucks.”

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