Ruble devaluation will lead to the price growth on imported cars and, consequently, improve the competitive positions of domestic auto industry.

29 january 2014 | Nezavisimaya Gazeta

PricewaterhouseCoopers analysts presented a research entitled "Automobile Market in Russia: 2013 Results and Development Prospects». Prospects turned out to be as unenviable as the results of the past year: a 3-year steady growth, during which the domestic car market pleased automakers and traders with two-digit figures, was followed by a recession in 2013. Sales of new cars dropped by 5.5%, and the situation is unlikely to change this year - indicators will go on declining.

Vadim Finogenov
Vadim Finogenov
Directorate for Transport Economics

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