Expectations in the Russian Car Market This Year
One thing is clear- the prices will not drop
VLADIVOSTOK. January 11. VOSTOK-MEDIA – No one attempts to forecast the development of the car market in the year 2009, for the situation is changing every month and not for the better. The experts can predict now only two tendencies that will take place in the year 2009 inevitably: the rise of prices on cars and inaccessibility of car loans.
The rates of growth of imported cars started to reduce in August and decreased dramatically in November- for the first time over the past 4 years. The decline in November made up15 % in comparison with 9 % growth in October. No one expected such a drastic change. It is clear that the point of 3 millions sold cars is unobtainable. The market will grow by 20-30 % - to 2-2.1 million cars.
According to Andrey Komarov, the chief-executive of practice of car industry companies assistance, only at the beginning of the March the picture of the development of car market will become clear. It is very difficult to give correct predictions now. There are no doubts that the market will reduce its rates of growth. The amount of sales rates reduction will depend on the general financial situation in the market. There are at least two ways of leading the Russia out of the crisis. The optimistic scenario implies in the middle of the next year the trend in the world financial markets and in Russia will be changed. According to the pessimistic forecast, the country is only at the beginning of the crisis, which will last at least two years.