The Russian automotive industry almost the bottom

     The Russian automotive industry and car market is in crisis at the bottom, the only car industry this year was the last week of the MIMS'09 exhibition exhibition in Moscow (Moscow 2009 International Automobile and auto show), as sales dropped automobile manufacturer of this kind of campaign spending cuts, the Russian Automotive Industry Summit Forum held at the auto show, current situation and prediction of the development of PricewaterhouseCooper company on the Russian automotive industry made a report, the first half of this year the Russian car sales 55% less than last year, while sales of less than last year 62% . Russia by the European sales of second (2008 Russian car sales second only to Germany) fell to fifth, but recently there is no rebound trend.

     Why financial crisis against the Russian car market so big? In recent years, due to the increase in oil prices caused by the economic development in Russia ruble appreciation, the Russian car sales surge, car loan a deluge of growth, the price of imported cars can be accepted. After the financial crisis, devaluation of the ruble, people's income is reduced, because the bank is affected the financial crisis also sharply reduce the loan amount, the dollar and the euro and further make the car import tax increase, import car prices too high to be acceptable to the people. In commercial vehicle sales worse, the first half sales of heavy duty automobile Russia was reduced by 70%, because the majority of oil and natural gas enterprises, construction, logistics group in the post crisis have ceased investment to buy a new car. At the same time, there are some good trend is the July Russian domestic car sales has been exceeded imported cars accounted for more than 61% years in 8 .

      Russian car sales rebound will depend entirely on the economy rebounds, currently rely on government orders to stimulate the automobile consumption, and other stimulus automobile consumption subsidy system in Russia is discussed in the process of.