1. Latest News
  2. Submit Press Release
  1. PR Home
  2. Latest News
  3. Feeds
  4. Alerts
  5. Submit Free Press Release
  6. Journalist Account
  7. PRNewswire Distribution

"Russia Autos Report Q1 2010" is now available at Fast Market Research

Recently published research from Business Monitor International, "Russia Autos Report Q1 2010", is now available at Fast Market Research

 
PRLog - Dec. 19, 2009 - The economic crisis has triggered a steep fall in sales and a slump in production growth. While the sales picture is undeniably bleak this year, a swift recovery is expected from 2010 as a result of a surge in demand caused by purchase delays this year. The economic crisis has put Russian sales on a sharp downward trajectory since late last year. A clampdown on credit has constrained lending for autos loans, while the slowing economy has caused consumers to rein in their spending. The Association of European Businesses (AEB) has estimated that new car registrations plunged by 40% in Q109 compared with the same period last year. Falling demand has prompted carmakers to operate on reduced capacities this year. According to the Russian Ministry for Economic Development, passenger car output declined by nearly 69% year-on-year (y-o-y) to 65,100 units over January-February. Manufacturers have resorted to production cuts in order to avoid inventory accumulation. Automakers are finding it difficult to obtain funding from financial institutions. Russian carmaker  IzhAvto confirmed in April it would close its Izhevsk Automobile Factory in western Russia indefinitely. The operator, owned by  SOK Group, made losses and was hit by liquidity constraints. It is the first carmaker in Russia to completely close its operations due to the global economic crisis. The Russian government has announced more than US$1bn (RUB31.1bn) in direct aid to carmakers in Russia in order to help prevent job losses. In April, Russian state-controlled bank VTB provided a loan of RUB4bn (US$117.5mn) to  AvtoVaz, the largest domestic carmaker. Prime Minister Vladimir Putin has said that the manufacturer may eventually receive more than RUB20bn (US$587.4mn) in state funds. Other government measures aimed at boosting sales include a hike on imports and a subsidy scheme. The general lack of financing from banks, coupled with the overall fall in market sales, will impact production and sales this year and put the brakes on expansion. This is evident from  Hyundai's plan to move slowly with its plant expansion.  BMI forecasts total vehicle production growth of just 5% y-o-y compared with 18.4% and 11.4% y-o-y in 2007 and 2008, respectively. Sales are expected to nudge up to 3.82mn units this year compared with 3.61mn last year. Over the forecast period, we remain upbeat over the prospects for Russia and see production and sales growth resuming.  BMI believes the country is still poised to become the biggest market in Europe, but we don't see that happening until 2013, when GDP per capita should register at over US$18,800, up by 80% over 2007 levels. Rising income should provide a basis for healthy consumer spending and help sales reach 5.75mn units.

Report Table of Contents:

Executive Summary
- SWOT Analysis
- Russia Autos Industry SWOT
- Russia Economics SWOT
- Russia Business Environment SWOT
- Regional Overview
- Autos Mergers And Acquisitions
- Top Ten Auto Industry Deals
- Porsche And Volkswagen: Key Figures (2008)
Table: Cutting Down The Load
- Business Environment Ratings
Table: Western, Central & Eastern Europe Business Environment Ratings
- Industry Forecast Scenario
- Production And Sales
- Russia Automotives - Historical Data & Forecasts (CBUs unless otherwise stated)
- Commercial Vehicles
- Trade
- Trade
- Economic Contribution
- Russia - Autos Industry Forecast (CBUs Unless Otherwise Stated)
- Macroeconomic Forecast Scenario
Table: Russia - Economic Activity
- Competitive Landscape
Table: Sales Of Foreign-Model Cars In Russia In 2008
- Regulation
Table: Russia - Current And Planned Investment By Foreign Automakers
Table: Fiat - Subsidiaries In Russia
- Manufacturers - Russian Brands
- Commercial Vehicles
Table: New Truck Imports By Brand
- Suppliers
- Dealerships
- Company Monitor
- PSA Peugeot Citroën
- Financial Woes
- Focus On Faurecia
- Merger Opportunity
- Eye On Eastern Europe
- Company Profiles
- AvtoVaz
- Kamaz
- RusPromAvto
- Kia Motors
- Renault
- Sollers
- Taganrog Automobile Plant
- Ford Motor
- Toyota Motor
- General Motors
- Country Snapshot: Russia Demographic Data
- Section 1: Population
- Demographic Indicators, 2005-2030
- Rural/Urban Breakdown, 2005-2030
- Section 2: Education And Healthcare
- Education, 2002-2005
- Vital Statistics, 2005-2030
- Section 3: Labour Market And Spending Power
- Employment Indicators, 2001-2006
- Consumer Expenditure, 2000-2012 (US$)
- Average Annual Wages, 2000-2006
- BMI Methodology
- How We Generate Our Industry Forecasts
- Sources


For more information or to purchase this report, go to http://www.fastmr.com/catalog/product.aspx?productid=43450

About Business Monitor International

Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets.

BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports.  Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including Daily Alerts, monthly regional Insights, and in-depth quarterly Country Forecast Reports.  View more research from Business Monitor International at http://www.fastmr.com/catalog/publishers.aspx?pubid=1010

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

--- End ---

Click to Share

Contact Email:
***@fastmr.com Email Verified
Source:Fast Market Research
Phone:1.800.844.8156
Zip:01267
State/Province:Massachusetts - United States
Industry:Transportation, Automotive, Shipping
Tags:russian, autos, carmaker, car, vehicle, motor, Manufacturers, cbus, ratings, otherwise
Shortcut:prlog.org/10453196
Disclaimer:   Issuers of the press releases are solely responsible for the content of their press releases. PRLog can't be held liable for the content posted by others.   Report Abuse

Latest Press Releases By “

More...

Trending News...



  1. SiteMap
  2. Privacy Policy
  3. Terms of Service
  4. Copyright Notice
  5. About
  6. Advertise
Like PRLog?
9K2K1K
Click to Share