INSUBCONTINENT EXCLUSIVE:
Traveler vehicle sales in Russia might fall by as much as 25% this year, the head of Russias leading automanufacturer AvtoVAZsaid
Wednesday.The market is plainly going to decline, and we expect that drop to be about a quarter compared to in 2015, CEO Maxim Sokolov
informed state broadcaster Rossia 24
To put it simply, were forecasting that automobile sales will amount to around 1.1 million, or perhaps 1.2 million if we consist of light
industrial vehicles.For comparison, 1.55 million passenger cars weresold in Russia last year, which marked a 47% year-on-year
increase.Analysts had initially predicted a more modest 10% year-on-year decline for 2025, mentioning inflation and rising scrappage
fees.Dealers also state need is being weakened by macroeconomic unpredictability
Possible purchasers are holding onto their cost savings or transforming funds into U.S
dollars, banking on a ruble devaluation widely expected by economists.Inventories of guest lorries havebuilt approximately more than
500,000, according to the AvtoStat analytics agency.Dealerships throughout Russia are significantly turning to aggressive discount rates to
bring in buyers, which damage the car sales organization, according to the head of AvtoStat Sergei Tselikov.The obstacles facing Russias
domestic automobile industry have been intensified with an almost threefold drop in electric automobile sales in the first five months of
2025, Russias Vedomosti organization newspaperreported last week.Russias car market has been basically improved given that the 2022 invasion
of Ukraine, following the mass exit of Western automakers and a surge in imports from Chinese manufacturers.
