28.05.2020 / LCV sales reduction in money terms

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In January-April 2020, the new LCV¹ market revenue was 50 billion rubles, which was a 7.5% decline on January-April 2019.

A 13.2% drop in new LCV sales caused negative dynamics of the market revenue.

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

Indicator	2019 (January-April)	2020 (January-April)	Change, %
Weighted average price, rubles	1 504 240	1 603 792	6.6
Market revenue, million rubles	53 574	49 575	-7.5

Source: Russian Automotive Market Research

In January-April 2020, used LCV sales fell by 13.3% on January-April 2019. In this regard, the used LCV market revenue decreased by 11.9% and amounted to 74 billion rubles.

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

Indicator	2019 (January-April)	2020 (January-April)	Change, %
Weighted average price, rubles	621 695	631 392	1.6
Market revenue, million rubles	84 266	74 219	-11.9

Source: Russian Automotive Market Research

New LCV market

The largest market revenue of the new LCV market for the reporting period belonged to Moscow – 7.7 billion rubles. The leading three also included the Moscow region and Saint Petersburg, in which 4.2 billion rubles and 3.1 billion rubles were spent on the purchase of new LCV, respectively. All these regions showed negative market revenue dynamics.

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

New LCV weighted average prices and market revenue,
TOP-15 regions, January-April 2020/2019

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	1 925 836	9.3	7 688	-17.7
Moscow region	1 820 909	7.0	4 214	-11.8
Saint Petersburg	1 764 010	4.8	3 092	-12.4
Krasnodar region	1 815 438	13.5	1 855	-18.8
Tatarstan Republic	1 426 596	6.1	1 407	-4.3
Sverdlovsk region	1 555 493	7.3	1 346	-4.8
Nizhny Novgorod region	1 556 520	0.9	1 267	-12.5
Rostov-on-Don region	1 685 702	14.8	1 178	10.8
Bashkortostan Republic	1 484 219	10.4	1 112	1.7
Khanty-Mansi AR	1 494 746	12.2	1 105	-8.4
Irkutsk region	1 488 413	5.3	1 051	35.4
Chelyabinsk region	1 502 918	0.9	1 004	6.0
Samara region	1 395 150	1.5	979	-5.3
Krasnoyarsk region	1 545 538	11.6	918	10.1
Perm region	1 456 897	6.2	825	10.9

Source: Russian Automotive Market Research

GAZ traditionally became the leader by financial results. In January-April 2020, this brand sold new LCV on 19.4 billion rubles. FORD, vehicle sales of which in money terms amounted to 7.1 billion rubles, followed it. TOP-3 also included VOLKSWAGEN with the financial result of 5.7 billion rubles.

The Japanese TOYOTA, MITSUBISHI and ISUZU were the only TOP-15 brands to show increase in market revenue.

New LCV weighted average prices and market revenue,
TOP-15 brands, January-April 2020/2019

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	1 457 690	2.6	19 425	-9.2
FORD	2 194 558	9.2	7 148	-1.8
VOLKSWAGEN	2 985 712	5.2	5 715	-9.6
UAZ	799 783	0.6	4 212	-22.2
TOYOTA	2 800 322	5.5	2 490	5.0
MERCEDES-BENZ	3 224 272	14.4	1 967	-14.8
MITSUBISHI	2 355 176	4.5	1 901	36.2
LADA	731 905	8.1	1 733	-8.8
PEUGEOT	2 119 906	2.3	903	-7.6
CITROEN	2 095 640	8.8	771	-4.6
ISUZU	2 589 462	1.2	710	2.7
FIAT	2 138 736	7.4	669	-3.7
VIS	793 581	7.6	348	-13.9
HYUNDAI	2 221 549	0.3	336	-12.9
RENAULT	1 523 275	11.9	325	10.9

Source: Russian Automotive Market Research

Used LCV market

Moscow became the leader among Russian regions by the used LCV market capacity. Over four months of 2020, used LCV on 6.3 billion rubles were sold in the capital. The market revenue of the Moscow region and Saint Petersburg, which were also included in TOP-3 by this indicator, amounted to 6.1 billion rubles and 4.0 billion rubles, respectively.

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

Used LCV weighted average prices and market revenue,
TOP-15 regions, January-April 2020/2019

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	737 810	3.6	6 338	-18.1
Moscow region	705 665	5.9	6 146	-9.5
Saint Petersburg	740 402	3.0	3 968	-12.4
Krasnodar region	646 354	1.3	3 634	-22.7
Primorsky region	895 543	1.8	2 299	-11.1
Irkutsk region	741 687	1.5	1 937	-6.5
Sverdlovsk region	580 378	1.6	1 802	-7.0
Rostov-on-Don region	584 609	-1.2	1 700	-23.1
Nizhny Novgorod region	517 056	-0.2	1 459	-1.8
Bashkortostan Republic	551 545	1.3	1 447	-9.5
Chelyabinsk region	555 700	0.9	1 433	-10.7
Novosibirsk region	598 339	2.2	1 350	-12.1
Stavropol region	559 780	1.1	1 338	-17.6
Tatarstan Republic	538 157	4.3	1 325	-7.1
Krasnoyarsk region	673 191	2.5	1 267	-15.5

Source: Russian Automotive Market Research

Following results of four months of 2020, the best financial result belonged to GAZ. 20.4 billion rubles were spent on the purchase of used LCV of this brand. The German VOLKSWAGEN and MERCEDES-BENZ followed it. For the reporting period, sales of used Volkswagen and MERCEDES-BENZ light commercial vehicles totaled 8.7 billion rubles and 6.4 billion rubles, respectively.

Positive dynamics of the market revenue was shown only by one brand - LADA.

Used LCV weighted average prices and market revenue,
TOP-15 brands, January-April 2020/2019

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
GAZ	461 483	5.7	20 378	-11.6
VOLKSWAGEN	998 822	0.5	8 662	-10.6
MERCEDES-BENZ	1 212 614	1.5	6 359	-12.5
TOYOTA	1 127 731	2.4	6 024	-10.9
FORD	818 941	1.2	5 816	-10.9
UAZ	325 451	-1.5	4 436	-2.9
FIAT	788 106	-1.6	2 607	-18.1
NISSAN	724 725	5.5	2 518	-13.4
PEUGEOT	626 836	-1.8	2 051	-15.6
MITSUBISHI	896 910	2.6	2 006	-3.5
ISUZU	1 244 820	-1.5	1 622	-15.4
HYUNDAI	714 496	-0.9	1 575	-29.6
LADA	451 924	3.2	1 441	24.3
CITROEN	544 390	0.3	1 187	-17.7
MAZDA	628 596	0.4	896	-14.1