Russian Car Sales to Touch 6 Million Units in 2012

“Booming Russian Automobile Sector”, a new report from RNCOS, projects that despite the financial turmoil, passenger car sales in Russia will reach 5.9 Million Units in 2012. Although current financial crisis significantly affected the last quarter sales of 2008, government initiative and support program for financing market and employment growth will help the industry to sustain long term growth.

Passenger car, being a dominant segment of the Russian automotive market, captured the largest share of around 88% in 2007 in overall vehicle sales. In 2007, the number of passenger cars sold in Russia soared by 34.2% over 2006. This growth was due to an increase in earning capabilities of Russians.

As per the study, effect of global slowdown on passenger car sales was not as severe in 2008 as it will be in 2009. The growth rate of passenger car sales may dip by 9 to 10 percentage points. Economic slowdown may also affect the passenger car imports this year and thus, Russia-made foreign brands (especially those in lower price range) may get a boost as they are generally cheaper as compared to imported foreign cars.

“Booming Russian Automobile Sector” is an exhaustive and analytical study of automotive industry in Russia. It provides objective research and analysis supported by statistical facts and figures on parameters that depicts the entire structure of the Russian automotive market. It provides information on the market in terms of new and used vehicles. It gives an in-depth research on various sub-segments of the automotive industry.

The report highlights the present and future trends and evaluates the drivers, emerging trends, roadblocks and opportunities for the market. Based on the thorough analysis, the report gives sales forecast on automobile industry and its sub-segments.

For FREE SAMPLE of this report visit: http://www.rncos.com/Report/IM551.htm

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About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. We are a team of industry experts who analyze data collected from credible sources. We provide industry insights and analysis that helps corporations to take timely and accurate business decision in today’s globally competitive environment.