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Sales of passenger cars in Russia may decrease by a third
Amid the crisis, passenger car sales in Russia may fall by a third. This year, according to experts, companies will be able to sell a little more than a million cars. The reason for this is the restrictions associated with coronavirus and a drop in oil prices.
It is reported TASS with reference to the study of the consulting company PwC, the forecast of which was based on a "stressful" scenario. According to him, stabilization of oil prices is expected by the third quarter, and the removal of restrictions associated with coronavirus, in early summer.
A more favorable forecast means that sales of passenger cars will decrease by 3,5% to one and a half million cars. However, experts do not count on a favorable outcome. At the same time, they note that online sales of cars will actively develop in Russia.
Earlier, analysts at the Boston Consulting Group consulting company predicted that sales of new passenger cars and light commercial vehicles in Russia would fall to 50% in the worst case and 20% at best.