24.09.2020 / Market revenue of regional truck markets

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In January-August 2020, the new truck market revenue amounted to 277 billion rubles, which was a 6.8% decline on January-August 2019.

Negative dynamics of the market revenue was caused by a 10.1% drop in new truck sales.
 

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

Source: Russian Automotive Market Research

In January-August 2020, not only sales of used trucks decreased (-10.0%), but their weighted average prices. In this regard, the used truck market revenue fell by 10.7% and amounted to 298 billion rubles.

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

Source: Russian Automotive Market Research

New truck market

The leader by financial results among regional markets was the Moscow region. Over the first eight months of 2020, new trucks on 24.1 billion rubles were sold in the region. The market revenue of Moscow and Tatarstan Republic, which are also among TOP-3, amounted to 21.4 billion rubles and 17.3 billion rubles, respectively.

The largest growth in the market revenue was shown by the Khanty-Mansi AR and Tatarstan Republic. Over the first eight months of 2020, new truck sales in these regions increased by 6.9% and 21.7%, respectively.

Despite the decline in new truck sales in Krasnodar, Chelyabinsk and Sverdlovsk regions, they kept positive trend of the market revenue.

New truck weighted average prices and market revenue,
TOP-10 regions, January-August 2020

Source: Russian Automotive Market Research

For the reporting period, the best financial result belonged to KAMAZ. Sales of new KAMAZ trucks in money terms amounted to 92.5 billion rubles. It was followed by VOLVO, truck sales of which in money terms amounted to 30.7 billion rubles. TOP-3 also included SCANIA with a financial result of 28.1 billion rubles.

Two TOP-10 brands - URAL and ISUZU - kept positive dynamics of the market revenue. Sales of new Ural and ISUZU trucks in money terms increased not only due to increase in weighted average prices, but the growth in sales by 23.5% and 6.5%, respectively.

New truck weighted average prices and market revenue,
TOP-10 brands, January-August 2020

Source: Russian Automotive Market Research

Used truck market

The Moscow region became the leader by used truck market revenue among Russian regions.In January-August 2020, used trucks on 21.1 billion rubles were sold in the region. TOP-3 also included Moscow and Krasnodar region, in which 15.7 billion rubles and 13.6 billion rubles were spent on used trucks, respectively.

Despite the reduction in weighted average prices for used trucks in the Chelyabinsk region, it kept positive dynamics of the market revenue. This was due to increase in used truck sales in the Chelyabinsk region by 35.0%.

Used truck weighted average prices and market revenue,
TOP-10 regions, January-August 2020

Source: Russian Automotive Market Research

In January-August 2020, KAMAZ became the leader by financial results. For the reporting period, 84.8 billion rubles were spent on used trucks of this brand. MAN (28.2 billion rubles) and VOLVO (28.2 billion rubles) are also entered top three in terms of the market revenue.

Two brands – VOLVO and ISUZU - showed positive dynamics of the market revenue. VOLVO increased its financial results due to rising prices. Sales of used ISUZU trucks over the first eight months of 2020 grew by 16.1%, so financial results of the brand's truck sales increased by 8.6%.

Used truck weighted average prices and market revenue,
TOP-10 brands, January-August 2020

Source: Russian Automotive Market Research