INSUBCONTINENT EXCLUSIVE:
The Russian vehicle market is expected to contract significantly this year, showing a sharp decline in customer demand and the broader
effect of a slumping economy.In a news release on Thursday, the Association of European Businesses revised its projection for the Russian
cars and truck market in 2025, forecasting sales to decrease by 24% to 1.25 million units sold
The association had previously prepared for a contraction of 15% to 1.4 million cars in 2025
Analysts at the association said that market growth might resume if the federal government offers assistance, specifically by renewing state
programs targeted at improving demand.We likewise anticipate the very first modest cut in the crucial interest rate to add to market
stabilization, with further downward modifications likely to reinforce favorable momentum, journalism release said, describing the Central
Banks lowering of the crucial interest rate from 21% to 20% in early June.
