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Booming Russian Automobile Sector

Russia is one of the fastest growing automotive markets in the world. Driven by low penetration, a huge potential demand, and participation in government, industry, once again gained momentum in both production and sales in 2010. Strong growth in 2010 has set the industry back in the race to become the largest automotive market in Europe. It is expected that the volume of vehicle sales to grow at a CAGR of over 32% in 2011-2014.

According to the latest research report "Booming Russian automotive industry," the automobile industry witnessed a sudden return in 2010, after a slow 2009. The general economic situation has greatly improved in the country will lead to higher levels of spending and demand for non-essential and luxury goods, including vehicles. market research reports


In addition, a series of government initiatives jump start the industry, which puts back into the automotive world. The demand for passenger and commercial vehicles, trucks and buses for example, has grown significantly in 2010 in almost all market players to boost their numbers by 2009.

In addition, the car market, especially for foreign vehicles as structural changes and the dynamics of the market share of Russian brands and foreign brands has changed very quickly. Car parts and other complementary sectors are also set to benefit from improved market conditions. Government regulations also change the map of the automotive industry in Russia. These rules are widely discussed in the report.


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