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.
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.
The Russian car market confirmed its momentum posting 258.761 sales, up 15.1% from last year. Year to date August sales were 1.922.000, up 14.5% from last year. A renewal tax was introduced to neutralize the 25% tariff cut obliged by WTO.
In July, the Russian car market posted 255.560 sales, up 13.7% from last year, the 28th consecutive year-on-year rise. The YTD sales in July were 1.663.000, up 14.4% from last year. Chevrolet gained the 2nd position in the YTD ranking.
The Russia car market continued its momentum in June with 272.125 sales, up 10.2% from last year. The YTD June sales were 1.4 million, up 14.6% from last year. Autovaz share at 16.5% was the worst ever. Chinese brands are growing.
The Russia car market in May posted 260.944 sales, up 11% on last year. The YTD May sales were 1.136.000, up 15% from last year. Fiat sold 269 vehicles and is disappearing from the market, after divorce with Sollers.
The Russian car registrations in April were 266.267 units, up 14.2% from last year. The year to date sales in April were 880.362, up 17.2% from last year. April was the 25th consecutive growing month. So far in the 2012 Volkswagen increased sales volumes by more than 96% and now is ranked 5th in the market.
March was again positive for the car industry in Russia with total registrations growth at 252.816, up 13.2% from previous year and a first quarter closed at 361.279 units, up 22.7% from same period last year.
Having taken the Russian market leadership during 2011, the European Brands started this year gaining market share in a growing market. In February light passenger market reported the 23rd consecutive growing month,