In 2018 the sales of new cars rose by 12.8%. What will happen to the market in the coming year?
By the end of 2018, the new car market grew by 12.8%
The last month of 2018 proved very fruitful, but not the best for all 12 months of last year, showing an increase in the number of sold cars of 5.6% (+9.227 units) compared to December 2017, namely in the order of 175,000 cars. You can not say about the year as a whole, because in 2018, the automotive market grew by 12,8%, or 204.854 pieces of sold new cars in comparison with the previous year. Only in 2018 from January to December were sold 1.800.591 car, it informs the Committee of car manufacturers AEB.
Standard review Joerg Schreiber, Chairman of automobile manufacturers Committee AEB, about what is happening on the market of new cars in Russia:
“December sales, which grew by 5.6% (better compared to last December), summed up the year marked a 12-month period of continuous growth. Thus, the total market in 2018 has reached the level of 1,801 million units, which amounted to a plus of 12.8% compared to the previous year.”
Here, everything is clear and very good. The growth rate of quality, especially with the proviso that in a number of countries with a developed market has seen new outbreaks of lower sales throughout the year, including in European countries.
“The prospect for 2019 is not as clear – continues Joerg Schreiber. – Increase in VAT and a possible tightening of US sanctions create significant risks and uncertainties in the market, especially in the first quarter. However, based on the assumption of unchanged government policy and constant support for the automotive sector, market participants expect that the fundamental demand will be stable enough to maintain level of sales and output growth during the year. With this in mind, our forecast for 2019, the market of passenger and light commercial vehicles in Russia made with a small improvement, namely to 1.87 million units, which is 3.6% more than last year.”
Well, the forecast is generally positive, although involves the actual lack of growth. But do not forget that the coin has two sides, and how the call hypothetical difficulties in the future, the new car market, to assume no one is not solved. The beginning of the year shows itself completely uncertain.