31.03.2021 / Car production will increase by 8.4% in 2021

The agency Russian Automotive Market Research summed up the 2020 year results and prepared the «Car market forecast for 2021-2026» report.

The research provides detailed information on the Russian new and used car market. The report contains the car sales and production forecast till 2026.

According to the baseline scenario of the RAMR forecast, in 2021 car production is expected to increase by 8.4% to 1 343.1 thousand units; at the same time, the share of foreign brands in the total car production may grow to 71.96%. In 2026, the share of foreign brands may reach 72.11%.

The report is supplemented with the new car market revenue forecast for 2021-2026.