Russian Auto Sales Predicted To Tank By 35% This Year as Ruble Falters

Russian new-car sales are expected to decline by 25 percent to 35 percent this year as a weakening ruble and a sharply declining economy hit demand, accounting firm PricewaterhouseCoopers said.

Sales could be 1.52 million to 1.75 million units this year, compared to 2.34 million in 2014, when registrations were down 10 percent in annual terms, PwC said in a presentation.

Russian-built cars would suffer the least, falling 10 percent, followed by foreign cars assembled in Russia, which would see a 33 percent drop. Imported cars would fall 55 percent next year, PwC said. The ruble decline may encourage more automakers to localize their production in Russia, PwC said

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runninglogan1 - 2/10/2015 4:16:07 PM

+2 Boost

If only the Russians would wake up and see that thug Putin is mostly to blame.

MDarringer - 2/10/2015 9:04:19 PM

-1 Boost

I'm voting for Putin in 2016. Putin at least has balls, something the Oprah President lacks big time. Putin is the greatest hope in vanquishing idiot socialism.

runninglogan1 - 2/10/2015 9:51:22 PM

+1 Boost

Move to Russia, by all means. Enjoy the oppression of your greatest hope.

MDarringer - 2/10/2015 11:58:10 PM

+1 Boost

And you can continue to kneel before Osama Bin Barack who does oppression to a level that Putin can only imagine.

runninglogan1 - 2/11/2015 12:19:24 AM

+1 Boost

Oh really? Try criticizing your beloved Putin in Russia like that and see what happens.