OREANDA-NEWS. The international rating agency Moody's Investors Service predicts a 4% decline in car sales in Russia in 2020, according to the agency’s report. "We expect sales in Russia to fall by 4% in 2020 and grow by 1.2% in 2021 amid continued slow economic growth and the lack of government incentive measures", the report said.

According to the forecast of the Association of European Businesses (AEB) for 2020, sales of cars and LCVs in the Russian car market will decrease by 2.1%, to 1.72 million units. At the end of 2019, sales fell by 2.3%, to 1.76 million units. At the same time, according to AEB, the Russian car market in January grew by 1.8% compared with the same period last year, amounting to 102.1 thousand units.

Moody's also worsened global auto sales forecasts for China's outbreak of pneumonia caused by the new coronavirus. According to the agency, the current situation, including, violates the global supply chain of cars and components. "World car sales in 2020 will fall by 2.5%," the agency said. - In 2021, sales will grow, but slightly - by 1.5%. Our car market outlook remains negative".