Executive Analysis of Developments in the Russian Automotive Industry
Light vehicle sales in Russia are expected to grow from 2015 to 2021 as the economic recovery is set to push organic growth. Global original equipment manufacturers (OEM) based in Russia are estimated to increase manufacturing localization from the current 45% level in response to the devaluation of the Russian ruble. The dynamics of local production of B-subcompact vehicles are set to continue driving demand within the segment. Over 5 interviews were conducted face-to-face and over the phone by senior consultants/industry analysts with vehicle manufacturers, OEMs, regulation authorities, and distributors in Russia.
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