February 12, 2018 – Fort Russ News –
– Ostexperte.de, translated from German by Tom Winter –
Russia’s car market grows by 31% in January 2018
According to new figures from the Association of European Businesses (AEB), the Russian car market grew by 31.3 percent in January 2018.
The most important facts:
The top 10 best selling models are from local production.
In January 2018, the number of passenger cars and light commercial vehicles sold in Russia increased by 24,428 units compared to January 2017.
In total, an estimated 102,464 cars were sold in January 2018.
Jörg Schreiber, Chairman of the AEB Autocommittee, commented:
“A strong start for the Russian car market in 2018. Partly owing to a low prior year base, the 31% headline growth in January is remarkable in the sense that it is the largest year-on-year improvement in a single month since 2011. Positive sales momentum can be expected to continue in the short term, although likely at a somewhat dampened pace. Customers are responding well to the current product and price offerings, as it’s known that the 2017 model year incentives are limited since the sell-out of respective dealer stocks is progressing faster than in recent years. “
The strongest car brand in the Russian market in January 2018 is Lada with a growth of +29 percent to 21,005 units.
This is followed by KIA (+49 percent, 15,310 units) and Hyundai (+31 percent, 8,752 units).
Here briefly the developments of the German brands in January 2018 in the overview (in comparison to the previous year):
Volkswagen: +22 percent to 5,593 units
Mercedes-Benz: +2 percent to 2,510 units.
BMW: + 17 percent to 2,050 units
Audi: -22 percent to 726 units
Mercedes-Benz Vans: +70 percent to 419 units
VW Commercial Vehicles: +20 percent to 365 units
Porsche: +3 percent to 156 units
Now the development of German corporate groups in the Russian market in January 2018 (compared to last year):
The Volkswagen Group recorded an increase in sales of 19.1% from last year. Above all, the increasing sales of VW and Škoda cars has enabled the German carmaker to boom. However, market share has fallen by 1.1% to 10.9%.
The Mercedes-Benz Group also improved its sales by 8.5% in January 2018. However, like in VW, market share slipped by 0.6% to 2.9%.
The BMW Group also achieved a strong result. The German group has succeeded in boosting its sales by 16.9% compared to the previous year. Nevertheless, market share fell slightly by 0.2% to 2.1%.