Research and Markets: Russia Autos Report Q4 2011 - annual vehicle sales growth of nearly 10% until 2015 forecasted

DUBLIN--(BUSINESS WIRE)--

Research and Markets (http://www.researchandmarkets.com/research/993fd1/russia_autos_repor) has announced the addition of Business Monitor International's (BMI) "Russia Autos Report Q4 2011" to their offering of international business research publications.

The study provides industry professionals and strategists, corporate analysts, auto associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Russia's automotive industry.

Effects of Russia's broad-based economic recovery continue to be felt in the autos market, where sales of new light vehicle sales, comprising passenger cars and light commercial vehicles, reached 1.235mn in H111, an impressive 56% year-on-year (y-o-y) rise, according to estimates from the Association of European Businesses (AEB). Further stimulus to the passenger car market comes from the car loan subsidy scheme introduced in 2009 and the subsidies provided by the state, federal and regional governments towards car purchases.

Given that these programmes will remain in place until 2013 and 2012 respectively, BMI is optimistic that vehicle demand will remain strong. These strong years will help vehicle sales maintain an average annual growth of 9.75% y-o-y between 2012 and 2015, according to BMI's forecast.

With such impressive growth numbers, it unsurprising that major international car makers and suppliers are pumping investments into the country. Such is likely to be the growth momentum that BMI expects vehicle production to recover to pre-crisis level by as early as 2012. With average growth expected to reach around 13% y-o-y thereafter, BMI is currently forecasting Russia's total autos production to reach 2.66mn units in 2015, more than three times the level in 2009.

BMI's outlook received a boost in June 2011 when General Motors Company (GM) finalised its Russian expansion plans by signing an agreement with the Russian Federal Ministry of Economic Development to increase its production in the country to nearly 350,000 a year in the next five years - up from the current capacity of 200,000 units. In the same month, Japan's Mazda Motor signed an agreement with the Russian Ministry of Economic Development in a bid to invest US$ 80mn in autos production in the Russian Far East.

Companies Mentioned:

• AvtoVaz
• Sollers

For more information visit http://www.researchandmarkets.com/research/993fd1/russia_autos_repo