The rate of decline of car sales accelerated for the first time in four months

Sales of new passenger cars and light commercial vehicles (LCV) in may 2016 fell at an annual rate of 18,2 thousand vehicles, or 14.5%, according to the Association of European businesses (AEB). Thus, observed during the previous four months, the slowdown in the decline of the car market (in April, sales fell 8.5%, the slowest pace in nearly a year and a half) was again replaced by growth.

The total number sold in may 2016 cars was reduced to 107,66 thousand — so there are few cars in Russia in the last month of spring not sold even once since 2007, when the AEB began to conduct market monitoring. Published today by the AEB were worse than the preliminary version of the report, according to which, as reported yesterday , sales of cars in may were to fall just to 109-110 thousand

“The result of sales in may shows that the way to stabilize the market remains bumpy,” — commented on the statistics, the Chairman of automobile manufacturers Committee of the AEB Joerg Schreiber, noting at the same time that the macroeconomic situation gives cause for cautious optimism. According to him, most experts believe that the Russian economy has already passed the bottom point in the future the situation will improve.

“The forecast, at least until the end of the year a stable and even positive looking at 2017. Such a prospect is certainly encouraging, but it must still be understood by customers before she materialized in their growing confidence and subsequent activity in the market. At the moment patience is the main item on the agenda,” said Schreiber.

In General, during the first five months of 2016, were sold in Russia 548,1 thousand cars that approximately 94.1 thousand or 14.7 percent less than in the same period of the previous year.

After summing up the results of sales in June, the AEB plans to update its forecast of Russian car market by 2016. Previously, experts of the Association predicted that in 2016 in Russia will be sold about 1.53 million vs 1.6 million cars in 2015. In recent times fewer cars than planned in 2016, the Russian market was sold in the crisis year of 2009, compared with 1.47 million).

A leader in the Russian market in may 2016 remained AVTOVAZ: sales of cars under the brand Lada, according to the estimates of the AEB, year on year fell by 10% to 20.6 thousand in second and third place KIA and Hyundai decreased sales by 3% and 22%, respectively.

To increase sales managed Lifan (88%, up to 1270), Skoda (24% to 4.7 thousand), Lexus (34%, up to 2212), BMW (5%, up to 2,200) and some of the other brands. The main outsiders of the month steel brands such as Honda (minus 80%), SsangYong (minus 73%) and Mitshubishi (minus 72%).

Lada Granta by the end of may 2016 retained the status of chief of the bestseller of the Russian market, but its sales at an annual rate fell by almost 6% (to less than 8 thousand). Hyundai Solaris sales fell just 28%, and KIA Rio — rose 1.4%.

In fourth place in the list of most sold in Russia of cars Renault Duster got up, pushed the new AVTOVAZ Lada Vesta — in the past month were sold in Russia 4151 Renault Duster (+21%) and only 3752 Lada Vesta.

The head of the Russian Association of automobile dealers (ROAD), Vladimir Marenkov does not exclude that the Russian market will continue to shrink. “The living standards of Russians is reduced, everyone understands that the crisis in the country. Dollar savings from the population exhausted. People skimp on everything. Everyone who wanted to buy a car, it has already acquired, updating the fleet will begin only after two or three years. All this means that the market has not yet reached the bottom. Falling car sales may continue,” — said Merenkov. In his words, to predict the market rebound is difficult now because of the volatility of the state economy.

According to Mozhenkova, for the year, sales of passenger cars in Russia can make around 1.2 to 1.3 million cars. “Huge support for the market now is provided by the state program on stimulation of demand for cars (basic — preferential car loans and car leasing, a program of recycling and trade-in). Without them, sales for the year would have amounted to 500-700 thousand cars”, — said the head of the ROAD.