23.09.2020 / Financial results of LCV sales exceeded 250 billion rubles

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In January-August 2020, the market revenue of new LCV¹ amounted to 104 billion rubles, which was a 7.3% decline on January-August 2019.

Negative dynamics of the market revenue was caused by a 12.3% decrease in new LCV sales.

New LCV weighted average prices and market revenue,
January-August 2020/2019

Indicator	2019 (January-August)	2020 (January-August)	Change, %
Weighted average price, rubles	1 537 297	1 625 371	5.7
Market revenue, million rubles	112 582	104 367	-7.3

Source: Russian Automotive Market Research

In January-August 2020, used LCV sales fell by 11.4% on January-August 2019. In this regard, the used LCV market revenue decreased by 9.1% and amounted to 158 billion rubles.

Used LCV weighted average prices and market revenue,
January-August 2020/2019

Indicator	2019 (January-August)	2020 (January-August)	Change, %
Weighted average price, rubles	624 865	641 088	2.6
Market revenue, million rubles	173 417	157 619	-9.1

Source: Russian Automotive Market Research

New LCV market

The largest new LCV market revenue for the reporting period belonged to Moscow – 16.6 billion rubles. TOP-3 also included the Moscow region and Saint Petersburg, in which 9.4 billion rubles and 6.3 billion rubles were spent on new LCV, respectively.

Six TOP 15 regional markets kept positive dynamics of the market revenue.

New LCV weighted average prices and market revenue, TOP-15 regions,
January-August 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	1 910 816	4.9	16 641	-17.9
Moscow region	1 811 033	4.4	9 430	-3.2
Saint Petersburg	1 751 897	1.4	6 272	-11.9
Krasnodar region	1 859 009	12.9	4 248	-11.1
Tatarsatn Republic	1 463 850	8.7	3 159	-3.7
Sverdlovsk region	1 571 952	5.2	3 010	1.4
Nizhny Novgorod region	1 576 895	2.7	2 622	-14.5
Rostov-on-Don region	1 647 463	7.5	2 582	4.5
Chelyabinsk region	1 533 568	0.8	2 126	9.8
Khanty-Mansi AR	1 485 868	8.5	2 117	-7.4
Krasnoyarsk region	1 600 235	11.1	2 052	13.5
Bashkortostan Republic	1 509 029	4.3	2 048	-21.2
Samara region	1 469 050	6.1	2 043	-9.9
Irkutsk region	1 541 578	6.1	1 888	13.6
Tyumen region	1 523 819	9.7	1 655	12.1

Source: Russian Automotive Market Research

GAZ traditionally became the leader by financial results. In January-August 2020, this brand sold its new LCV on 40.5 billion rubles. FORD, vehicle sales of which in money terms amounted to 17.8 billion rubles, followed it. VOLKSWAGEN also entered TOP-3 with a financial result of 10.4 billion rubles.

Several TOP-15 brands showed growth of the market revenue. This dynamics of FORD, MITSUBISHI, FIAT and ISUZU brands was due not only to rising prices, but to the increase in demand for these vehicles for the reporting period. LADA and CITROEN increased their financial results due to growth in prices.

New LCV weighted average prices and market revenue, TOP-15 brands,
January-August 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	1 495 382	4.2	40 491	-9.7
FORD	2 252 940	9.1	17 832	11.7
VOLKSWAGEN	2 983 661	4.3	10 422	-19.6
UAZ	832 013	3.8	8 566	-18.5
LADA	802 478	3.0	4 871	2.1
TOYOTA	2 837 991	6.4	4 319	-14.8
MERCEDES-BENZ	3 240 280	7.0	3 574	-18.1
MITSUBISHI	2 386 003	5.2	3 278	23.8
PEUGEOT	2 157 450	4.0	2 050	-6.0
CITROEN	2 140 311	8.5	1 753	6.3
FIAT	2 083 354	3.2	1 598	5.7
ISUZU	2 559 180	0.0	1 500	8.7
VIS	801 317	10.5	785	-5.7
HYUNDAI	2 254 324	1.1	724	-27.7
IVECO	3 143 735	4.0	629	-20.6

Source: Russian Automotive Market Research

Used LCV market

Moscow became the leader among Russian regions by the used LCV market revenue. Over the first eight months of 2020, used LCV on 13.4 billion rubles were sold in the capital. The market revenue of the Moscow region and Saint Petersburg, which are also among TOP-3, amounted to 13.0 billion rubles and 8.4 billion rubles, respectively.

All TOP-15 regional markets showed negative dynamics of the market revenue.

Used LCV weighted average prices and market revenue, TOP-15 regions,
January-August 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	734 544	3.8	13 370	-14.9
Moscow region	707 645	6.0	12 980	-7.7
Saint Petersburg	740 770	2.5	8 379	-8.2
Krasnodar region	655 550	2.2	8 217	-13.0
Primorsky region	907 591	1.6	5 108	-5.7
Irkutsk region	750 372	3.1	4 222	-5.7
Rostov-on-Don region	598 248	2.7	3 956	-8.2
Sverdlovsk region	583 812	2.0	3 900	-4.7
Chelyabinsk region	563 411	1.2	3 095	-7.3
Bashkortostan Republic	550 942	0.9	2 944	-11.3
Nizhny Novgorod region	525 598	1.2	2 931	-2.1
Tatarsatn Republic	550 491	6.4	2 926	-1.3
Krasnoyarsk region	677 790	3.5	2 851	-12.9
Stavropol region	567 583	0.4	2 775	-15.3
Kaliningrad region	828 472	0.1	2 771	-8.4

Source: Russian Automotive Market Research

Over the first eight months of 2020, the best financial result belonged to GAZ. 44.0 billion rubles were spent on the used LCV of this brand. It was followed by VOLKSWAGEN and TOYOTA. For the reporting period, sales of used VOLKSWAGEN and TOYOTA light commercial vehicles in money terms amounted to 18.6 billion rubles and 13.2 billion rubles, respectively.

It should be noted LADA was the only TOP-15 brand to increase LCV sales in both quantitative (+17.4%) and money terms (+21.4%). MITSUBISHI increased its financial results due to rising prices.

Used LCV weighted average prices and market revenue, TOP-15 brands,
January-August 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	473 721	6.7	43 963	-7.8
VOLKSWAGEN	994 771	1.8	18 577	-6.1
TOYOTA	1 130 851	1.6	13 204	-6.9
MERCEDES-BENZ	1 220 178	0.9	12 941	-13.8
FORD	809 550	0.3	12 043	-10.3
UAZ	332 459	0.5	8 741	-4.6
NISSAN	759 045	9.9	5 836	-3.8
FIAT	792 038	3.0	5 428	-13.5
MITSUBISHI	911 012	4.7	4 316	2.2
PEUGEOT	620 005	-0.9	4 276	-12.2
ISUZU	1 204 103	-4.2	3 415	-12.7
HYUNDAI	672 556	-3.7	3 214	-27.1
LADA	452 537	3.4	2 981	21.4
CITROEN	523 317	-2.7	2 397	-17.3
MAZDA	665 682	-0.4	2 060	-10.0