The new vehicle market forecast was updated taking into account results of new vehicle sales in April 2020 and planned state support measures...
According to the baseline forecast scenario, in 2020 new light commercial vehicle sales will fall by 29.9% on 2019 and will amount to 83.2 thousand units. Under the optimistic scenario, sales will decrease by 27.0%, while under the pessimistic one, sales will be down by 33.8%. If restrictive measures caused by the second wave of COVID-19 are re-introduced, the demand may fall by 37.9%. In 2021, the demand is expected to moderately recover, sales growth rates will be 2.0% - 6.2%...
Source: «Russian car and commercial vehicle market prospects» press-pelease by RAMR
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