24.04.2020 / LCV sales in money terms in the first quarter of 2020

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Following results of the first quarter of 2020, the market capacity of new LCV¹ amounted to 40 billion rubles (+6.3%).

The weighted average price for new light commercial vehicles increased by 7.5% on the first quarter of 2019 and amounted to 1 605 384 rubles.

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

Indicator	2019 (January-March)	2020 (January-March)	Change, %
Weighted average price, rubles	1 493 660	1 605 384	7.5
Market capacity, million rubles	37 837	40 228	6.3

Source: Russian Automotive Market Research

In January-March 2020, used LCV on 62 billion rubles were sold in Russia – by 4.9% more than in January-March 2019. The weighted average price for used LCV increased by 2.0% to 639 648 rubles.

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

Indicator	2019 (January-March)	2020 (January-March)	Change, %
Weighted average price, rubles	627 198	639 648	2.0
Market capacity, million rubles	59 447	62 388	4.9

Source: Russian Automotive Market Research

New LCV market

GAZ traditionally became the leader by financial results. In the first quarter of 2020, the brand's dealers sold new LCV on 15.6 billion rubles.

FORD, vehicle sales of which in money terms amounted to 5.6 billion rubles, followed it. TOP-3 also included VOLKSWAGEN with financial result of 4.9 billion rubles.

Three TOP-15 brands showed reduction in market revenue – UAZ, MERCEDES-BENZ, VIS. Negative dynamics was caused by the drop in sales of LCV of these brands by 15.5%, 21.4% and 10.8%, respectively.

New LCV weighted average prices and market revenue,
ТОР-15 brands, January-March 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	1 456 550	2.1	15 619	2.6
FORD	2 192 928	9.2	5 631	7.5
VOLKSWAGEN	2 970 942	5.6	4 866	13.8
UAZ	799 593	2.0	3 372	-13.9
TOYOTA	2 814 917	6.4	1 985	19.7
MITSUBISHI	2 335 968	3.7	1 619	46.3
MERCEDES-BENZ	3 251 795	19.5	1 551	-6.1
LADA	731 905	10.0	1 457	12.7
PEUGEOT	2 110 686	3.2	796	24.7
CITROEN	2 082 681	7.4	633	10.2
ISUZU	2 624 835	4.5	580	25.5
FIAT	2 118 666	7.4	536	9.1
RENAULT	1 527 142	18.7	301	60.2
VIS	789 999	7.9	269	-3.7
HYUNDAI	2 227 345	1.0	261	3.7

Source: Russian Automotive Market Research

The largest new LCV market revenue for the reporting period was recorded in Moscow – 6.4 billion rubles. The leading three also included the Moscow region and Saint Petersburg, where 3.4 billion rubles and 2.5 billion rubles were spent on new LCV, respectively.

New LCV weighted average prices and market revenue,
ТОР-15 regions, January-March 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	1 913 593	9.9	6 430	1.3
Moscow region	1 821 586	7.4	3 355	-3.2
Saint Petersburg	1 734 419	0.7	2 525	9.0
Krasnodar region	1 818 225	14.6	1 569	0.8
Tatarstan Republic	1 436 116	8.6	1 160	15.3
Sverdlovsk region	1 550 383	7.1	1 116	12.9
Khanty-Mansi AR	1 483 017	12.6	1 035	14.6
Nizhny Novgorod region	1 555 238	-1.2	1 012	2.6
Rostov-on-Don region	1 683 861	17.8	929	23.2
Irkutsk region	1 498 768	3.7	904	59.5
Bashkortostan Republic	1 489 763	12.3	886	7.7
Chelyabinsk region	1 555 300	5.4	813	14.2
Krasnoyarsk region	1 558 978	16.4	736	26.0
Samara region	1 411 027	3.0	701	5.7
Perm region	1 455 920	5.4	667	23.7

Source: Russian Automotive Market Research

Used LCV market

Following results of the first quarter of 2020, the best financial result belonged to GAZ. For the reporting period, 16.8 billion rubles were spent on used LCV of this brand, which was a 4.5% rise year-on-year.

The German VOLKSWAGEN and MERCEDES-BENZ followed it. For the reporting period, sales of used Volkswagen and MERCEDES-BENZ light commercial vehicles totaled 7.8 billion rubles and 5.6 billion rubles, respectively.

Two TOP-15 brands showed negative dynamics of market revenue – HYUNDAI and CITROEN. For the reporting period, the demand for used LCV of these brands decreased by 14.8% and 2.6%, respectively.

Used LCV weighted average prices and market revenue,
ТОР-15 brands, January-March 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	455 721	4.1	16 783	4.5
VOLKSWAGEN	1 065 815	2.6	7 770	8.5
MERCEDES-BENZ	1 233 554	2.0	5 589	7.4
FORD	848 010	4.7	5 094	9.6
TOYOTA	1 125 401	3.2	4 709	0.6
UAZ	341 946	0.5	3 762	16.3
FIAT	789 867	3.3	2 217	0.8
NISSAN	705 700	5.7	1 971	0.2
PEUGEOT	645 790	0.4	1 800	2.7
MITSUBISHI	886 726	3.0	1 613	11.6
ISUZU	1 301 478	2.7	1 361	4.4
HYUNDAI	725 467	0.9	1 339	-14.0
LADA	450 861	2.1	1 215	49.1
CITROEN	549 623	0.2	1 016	-2.4
RENAULT	473 249	6.4	701	1.5

Source: Russian Automotive Market Research

Moscow became the leader by the used LCV market capacity among Russian regions. Over the first three months of 2020, used LCV on 5.8 billion rubles were sold in the capital. Capacity of markets of the Moscow region and Saint Petersburg, which were also included in TOP-3 by this indicator, amounted to 5.2 billion rubles and 3.3 billion rubles, respectively.

Used LCV weighted average prices and market revenue,
ТОР-15 regions, January-March 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	750 362	4.5	5 818	5.0
Moscow region	719 718	6.9	5 216	6.4
Saint Petersburg	765 117	5.8	3 344	7.4
Krasnodar region	654 325	2.5	3 266	-4.8
Primorsky region	899 319	2.3	1 745	-4.3
Irkutsk region	750 180	1.5	1 605	11.6
Rostov-on-Don region	589 243	-0.8	1 460	-6.9
Sverdlovsk region	595 240	1.9	1 436	5.4
Nizhny Novgorod region	528 537	1.6	1 255	20.0
Stavropol region	563 693	2.4	1 200	2.9
Chelyabinsk region	561 021	0.7	1 197	7.9
Bashkortostan Republic	555 873	0.4	1 162	6.5
Novosibirsk region	609 262	3.9	1 130	6.5
Tatarstan Republic	547 379	4.3	1 119	12.1
Kaliningrad region	824 331	-1.0	1 069	0.4