the Russian car market has been falling for seven consecutive months, but in October, according to the Association of European businesses (AEB), sales dipped from 5.2% without any obvious reasons after the symbolic fall of 0.5% in September. A General market decline in October has provided Nissan, Ford, departed from the segment of passenger cars, and the leaders in the decline in sales of Lada and Kia.
market Participants have noted an alarming increase in the number of yellow cars is nominally sold by dealers for the bonuses from manufacturers at the end of the third quarter, but actually stuck in warehouses; a similar trend was observed under the crisis of 2008. They may be able to sell at the end of the year without discounts: the industry expects that, when will be announced the increase in rates of car recycling fee, there will be an influx of demand. But the fact that the market will recover, almost no one believes.
during the year, demand in the budget segment of the car market supported the state program of stimulation of demand, which is now completed, he continues, and without them the dynamics of the market would have been negative in previous months. So, it has already affected one of the bestsellers in the Russian market: sales of Lada in October fell to 6% below the market. The decline in sales of Lada may be associated with the completion of the program of state support, most of the limits which had been planned for AVTOVAZ.
the head of the Association "Russian automobile dealers" (ROAD) Oleg Moseev said that partially in September could be a problem of overstocking of warehouses, which are then "dried" in October. In this case the problem of yellow car he calls exaggerated and the result of October — logical in the context of the global change patterns of use of cars in favour of taxis, as well as falling incomes of the population in Russia. He believes that the "yellow" cars that dealers recruited under the additional bonuses may be sold to dealers at a lower price, but if that overstocking was a mistake, the car will not be offered discounts. At the end of the year Oleg Moseev also does not expect big discounts on the cars, explaining that in the background discussing the increase of car recycling fee since January 1 immediately after this announcement, cars and so will start to buy. His forecast of the market decline by 3-4% for the year.
