Financial news

The Russian automobile market can decrease by 50% this year

28 апреля 2009 г.

The decline in the automobile market in Russia in 2009 despite the governmental support can amount to 50%. This was announced by the deputy Minister of Industry and Trade of the Russian Federation Andrey Dementiev at the session of automobile industry expert council in the State Duma.

A.Dementiev noted that the decline in the market of motor vans in 2009 is predicted on the level of 80% and buses – on the level of 72%. According to the official’s view, for overcoming the crisis in the auto industry it’s necessary to stimulate the manufacturing, to aim at higher localization, to expand the distribution, to conceive new models, to step out into the external marks and support the financial stability of the auto enterprises. As a positive example of governmental support A.Dementiev mentioned the decisions about KAMAZ. “With the help of government contract the main part of KAMAZ production will be procured. Moreover, the leasing schemes will help the distribution of the enterprise production”, he said.

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