03.06.2020 / Car production forecast for 2020-2021

In January-April 2020, car production decreased by 33.0% on the same period of 2019, while in April 2020 the production fell by 80.2%. A number of manufacturers, in particular Nissan Manufacturing Rus, Toyota Motor subsidiary and PSMA Rus, completely stopped production in April 2020, while others suspended production for 10-20 days and gradually returned to work with certain restrictions: work in one shift, the four-day working week, etc.

According to the baseline forecast scenario, in 2020 car production will decrease by 32.5% on 2019 and will amount to 1 021.8 thousand units. Under the optimistic scenario, sales will fall by 27.1%, while under the pessimistic one sales will be down by 36.6%. If restrictive measures caused by the second wave of COVID-19 are re-introduced, the production may fall by 41.4%...

Source: «Vehicle production forecast for 2020-2021» press-pelease by RAMR