Press release
Gravitas Research Reveals Light Vehicle Sales in Russia in 2009. Russia is Back to the 5th Place in Europe.
Top 5 European light vehicle markets in 2009
London, United Kingdom - Hopes that Russian automotive market would become the largest automotive market in Europe were completely crashed by the results of 2009 sales. According to the latest industry brief published by Gravitas Research, sales of the light vehicles in Russia experienced whopping 49 per cent drop compared to record high 2008 sales and reached only 1.4 million vehicles sold in 2009.
Struggling real sectors of the Russian economy, significant reduction in automotive financing and its availability, frozen growth of disposable income of the Russian consumers, and increased custom tariffs on import of foreign vehicles in Russia were among the key factors that determined fall in light vehicle sales in Russia. Foreign brands in Russia appeared in the tough conditions during the whole 2009 with average monthly sales drop of 51 per cent.
Unsatisfactory sales of light vehicles in 2009 have moved Russian automotive market back to the 5th place in Europe behind Germany, France, Italy and UK. Hopes of the Russian automotive industry stakeholders in possibility of this market becoming the largest in Europe were already broken in 2008 and disastrous vehicles sales in 2009 delayed further realization of such hopes. To find out more about light vehicles sales in Russia and Europe, please, read the full industry brief available at Gravitas Research web-portal.
About Company: Gravitas Research provides data integrity and timely services to a wide portfolio of clients. Clients range from private companies and government organisations in various domains and industries, to global market research and consultancy companies seeking additional support for data capture and analysis expertise.
Yan Reutski | Marketing Coordinator | Gravitas Research
Roe End Farm,
Roe End Lane, Markyate,
St. Albans, AL3 8AQ
UK
T: + 44 (0) 193 3494
E: yan.reutski@gravitasresearch.com
W: www.gravitasresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gravitas Research Reveals Light Vehicle Sales in Russia in 2009. Russia is Back to the 5th Place in Europe. here
News-ID: 117413 • Views: …
More Releases for Russia
Russia Agriculture Market, Russia Agriculture Industry, Russia Agriculture Lives …
The agriculture sector of Russia country is the most steadily developing sector of the national economy. Country’s most important crops are sunflower oil, grains and corn. Russia country is a world champion for the export of wheat & buckwheat and amongst the top ten in terms of the export of many other crops. The country has also exporting a variety of livestock products and value-added food products. Country also produces…
Russia General Insurance Market Next Big Thing | Major Giants Allianz - Russia, …
HTF Market Intelligence released a new research report of 77 pages on title 'Russia General Insurance - Key Trends and Opportunities to 2025’ with detailed analysis, forecast and strategies. The study covers key regions that includes North America, Europe or Asia and important players such as Reso-Garantia, Alfa Strakhovanie, Ingosstrakh, VSK, Rosgosstrakh, Sogaz, Soglasie Insurance Company Ltd, Renaissance Group Insurance, YUZHURAL - ASKO, NSG-ROSENERGO Ltd, Sberbank Insurance Company LLC, VTB…
Russia Analysis of Viscosupplementation Market: Russia Industry & Opportunity As …
The single injection viscosupplementation segment in the Russia Viscosupplementation Market is expected to expand at the fastest and highest CAGR of 6.0% over the forecast period, due to relatively less competition across the product type segments. The three injection viscosupplementation product type segment was estimated to account for more than 69.4% share of the Russia viscosupplementation market in 2016, which is projected to increase to over 68.8% by the end…
Consumer Electronics in Russia
Summary
After the collapse of retail volume sales of consumer electronics in 2015, the negative trend continued in 2016. Although prices of oil were partly restored, business investments and the real income of Russians continued to decline, making a fast recovery of Russia’s economy questionable. As a result, consumers in Russia became very cautious when making their purchasing decisions. Despite the strong overall decline in retail volume sales, the performances of…
Consumer Health in Russia
Summary
Russian consumers are becoming more restrained in terms of spending money on consumer health products. The trend towards economising has become more widespread due to an economic slowdown in Russia and the consequent decrease in consumers’ disposable incomes. Russians are showing a greater preference for cheaper remedies or refusing to purchase any in the case of mild ailments that can be cured by traditional medicines. This is particularly so for…
Russia Hotels – Best Hotels Available in Russia
Are you tired of searching for best hotels in Russia through search engines, now there is no need to waste your valuable time digging search engines, because we proudly announce besthotelsrussia.com here you get all details about hotels available in Russia. Russia is the largest country in the world this place covers almost the whole of Asia and 40% of Europe. It also has huge population ranking in ninth position…
