OREANDA-NEWS.  Decline in sales of passenger cars, which took place in Russia over the last two years, according to forecasts of analytical agency "AUTOSTAT", will only intensify this year. This is stated in the annual reference book "Automotive market of Russia-2015", which is now out of print. The guide, as usual, presented in detail the car market in Russia at the end of 2014 in all respects: parc, production and sales on 295 pages. 

The main reason for the fall of the automotive market is the negative situation in the Russian economy, which this year threatens to escalate into a recession. As you know, it is under pressure of sanctions adopted by the West as a result of geopolitical conflict in Ukraine. Here we can add low oil prices, which make the economy more vulnerable.

Even with the optimistic scenario the Russian automotive market in 2015 will reduce by 30% to 1.64 million units. While maintaining the aforementioned negative factors, some hope for the market can be provided by the government support measures, which were approved by the Government of the Russian Federation.

In the long term, we can expect the market growth, which will be possible with the increase in oil prices and the recovery of the Russian economy. If in 2016 the market can come close to 2 million units, then a year later it is able to reach 2.5 million mark.