Russia is the largest country in the World with 17.100.000 square km and 138 million people. Following the 1989 disgragation of USSR, the country had fast developed its economy leveraging on vaste natural sources. Today 2011 Russia is the world's larger oil producer and the second in natural gas.
According to the World Bank the government's anti-crisis package in 2008-09 amounted to roughly 6.7% of GDP. The economic decline bottomed out in mid-2009 and the economy began to grow in the third quarter of 2009. High oil prices buoyed Russian growth in 2011-12 and helped Russia reduce the budget deficit inherited from 2008-09. Russia has reduced unemployment to a record low and has lowered inflation below double digit rates. Russia joined the World Trade Organization in 2012, which will reduce trade barriers and help open foreign markets for Russian goods. At the same time, Russia has sought to cement economic ties with countries in the former Soviet space through a Customs Union with Belarus and Kazakhstan, and, in the next several years, through a new Russia-led economic bloc called the Eurasian Union.
October 2013 was the eight year on year loss in a row for the Russian car market in spite of any actions put in place by government to push the demand up. Lada touched the lowest market share in its history, the day of new Chairman appointed by Nissan/Renault.
Although the government is introducing sustains at the consumer's demand, the Russian car market in September kept its negative trend posting the 7th year on year drop in a row, losing 4.9% from year ago. Pushed by strong competitive pressure, Lada fell at the lowest market share ever.
Russian car market in August 2013 kept the negative momentum losing 10.1% from last year. Last month the Russian Government launched a new credit program to support new vehicles purchase aiming to revamp the car demand.
Russian car market in July 2013 kept the negative momentum losing 8.2% from last year. The Russian Government launched a new credit program to support new vehicles purchase aiming to revamp the car demand.
In June 2013 the Russian car market started dropping with a double digit level, ending the first half losing 5.3% from last year. The Duma postponed "renewal tax" discussion and the commercial war against European Community will be moved at WTO level.
Light passenger's vehicles market in Russia in May was heavy declining, losing 12.0% from last year, and moving cumulated sales down 3.9%. New Toyota Rav4 boomed sales with share at 2.0% advancing in 11th place, the best ever.
Russian car market started a downtown trend which will move it down from the 3.0 million units target for the 2013. In April, sales dropped 7.2% and year-to-date volume was down 1.5% from last year. Pushed by Cee'd success, Kia reinforced its third place.
Following three years of consecutive growth, in March 2013 the Russian market finally fell, losing a little 3.0% from year ago. However, First Quarter sales were up 1.0%. Lada dropped down 17% of market share while Mazda boomed share at 2.2%, while starting Mazda6 local production.
The Russia car market never ending string of growing months is near to be broken, as February sales were up only 2.3% from last year. A strong battle is in place in the market for the third place, behind Lada and Renault, with 5 brands fighting.
Positive 2013 start for the Russian car market, with an encouraging performance, up 5.8% from last year which is confirming the ambitions to outpace Germany as fourth world's car market. Renault in second place gained 2.3 points of share.
Posting the third consecutive growing year, the Russian car market in 2012 hit the new all-time record. With a flat December, the year ended up 10% from last year. Pushed by a superb Focus performance, Ford grew in 6th place.
The Russian car market is reducing the growing speed and in November posted only 0.3% of increase, the lowest increase in the long string of 32th year-on-year consecutive months. Year-to-date sales were up 11.8%. Hyundai posted the best share of the year.
The Russian car market is reducing the growing speed and in October posted an increase of only 5.4%, the lowest increase in the long string of 31th year-on-year consecutive months. Year-to-date sales were up 13.0%. Renault surged in 3rd position.
Posting the 30th year-on-year increase in a row, the Russian car market holds now the best growing string in the world. September sales were 259.582 sales, up 10.2% and year-to-date sales were 2.182.000, up 14.0%. Fiat will not build the announced new plant.