Russian Revival?

June 2006 | Market Trend Analysis

The first five months of 2006 indicated a rebound in sales of Russian brands, while foreign branded cars produced in Russia witnessed a further rise in sales. In January-May, overall car sales rose by up to 7.0% y-o-y, close to our forecast of 6.8% for the year. Russian brands have seen signs of revival, although it is unclear whether this is indicative of a long-term trend. Rising demand prompted Russia's largest carmaker, AvtoVAZ, to increase production by 5.9% y-o-y to 296,667 units. At the same time, Russia is set to attract US$1.8bn in new foreign investment in production capacity, with

If you would like to subscribe to Emerging Europe Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Europe Automotives Insight please click on the trial link below.