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Posts Tagged ‘Russia auto market’

Russian Auto Meltdown Continues

Officials looking to enact turnaround soon.

by on Feb.16, 2016

The Russian automotive market continues to suffer, but officials hope soon-to-be-enacted measures will help.

Already deep into the doldrums, the Russian automotive market has yet to bottom out, though Russian negotiators are hoping to take a critical step towards turning around the country’s moribund economy in the coming weeks.

Automotive sales started the New Year out pretty much the same way 2015 ended, with another severe drop in demand. The prospects for Russia’s car market have been so bleak that General Motors last year announced it would shut down its operations there.

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The heart of the former Soviet Union has been hard hit by a variety of negative economic factors, including sanctions heaped onto Russia following its annexation of the Crimean Peninsula and its support of Ukranian separatists. But the biggest problem has been the severe slump in the price of oil. (more…)

Nissan Targets Sagging Russian Market with Datsun Brand

Russia expected to be the largest market in Europe.

by on Apr.07, 2014

The Datsun on-DO is the brand's first offering in Russia. It is a four-door, five-seat family sedan.

Despite a slowdown and sales, cuts in production and the political crisis in the Ukraine, global automakers are still moving ahead with plans to expand in Russia, which could become Europe’s largest single market before the end of the decade.

Russian sales dropped 5% last year and are expected to shrink further this year despite the pent up demand for new vehicles in European Russia. At the same, though, Nissan has moved forward with sales in Russia of its Datsun brand, which is aimed at the lower range of the market.

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Global automakers appear to be willing to look beyond Russia’s role in the messy political upheaval in the Ukraine as they continue to expand in Russia, which is expected to emerge as the largest automotive market in Europe well before the end of the decade. (more…)