Russian Autos Market dropped sharply down in May (-54.5%) while the country became the 3rd most hit from the Coronavirus pandemic in terms of confirmed Covid19 cases. Indeed, 62.592 units were registered in May, leading Year to Date figures to 501.464 (-16.8%). GAZ was the best top 20 performer.
Russian Autos Market in May
Russia is currently the 3rd country in terms of confirmed Covid-19 cases, with over 530K cases as of June 15 and the city of Moscow is currently the most affected federal subject. President Putin announced the end of the national non-working period on May 12. However, car showrooms in the cities most affected by the virus and most of the regional dealers were still closed for the entire month, while customer traffic slowly restarted towards the second half of May.
As a result, auto sales in May fell 54.5% with 62.592 units sold, leading Year to Date figures to 501.464 (-16.8%). Although the drop is still huge, this was a relevant improvement compared to April’s dramatic fall.
In May, the brand-leader Lada performed better than the market (-45.8%) – reaching 24.9% of share – while GAZ (-36.9%) was the best within the top 20.
Post Covid19 Market Trend
In order to slow down the spread of the Covid-19, early prevention measures included restricting the border with China and extensive testing, while strict lockdown measure have been declared since March 30 by most regions and on April 2 President Putin prolonged the non-working time until May 11.
As a result, March was almost unaffected by the Coronavirus, leading the Q1 to end at 403.800 (+3.1%). In April, the market fully impacted by the lockdown measures, reporting a 73.8% drop with sales at 38.922.
Medium Terms Market Trend
Russian automotive industry grew up at the all-time record of 2.92 million units in 2013, and it was among the top 10 in the World.
However, the market was severely hit by Crimea-related sanctions and since 2014 dropped down losing over the half of the volume in only three years landing at 1.42 million units in 2016 when the fall ended, to start a progressive recovery.
The new more positive trend, however, was shy and the market closed in 2018 with 1.8 million units while in 2019 the market pushed the brakes, ending at 1.76 million units (-2.4%).
In first two months of 2020, the market was holding a flat trend, as year-to-date February sales have been 231.747, up 0.1%.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models