Remember the BRIC countries, saviors of the auto industry? Brazil, Russia, India, China. Brazil (+11.35 percent,) India (+18.7 percent) and especially China (+45 percent) performed as advertised. But Russia? Russia’s car 2009 car sales are such a disaster that BRIC will stay BIC for the foreseeable future.
Russia’s new car sales tanked by 49 percent in 2009 to just 1,465,917 units, according to data of the Association of European Businesses in the Russian Federation.
Martin JAHN, Vice Chairman of the AEB Automobile Manufacturers Committee hopes that the hemorrhage can be contained this year: “We expect that in 2010 the market will reach 1.4 million passenger cars or 1.5 million, including light commercial vehicles. This forecast is quite optimistic and is based on the expectation that the state support measures – subsidized loans and the scrappage incentive – will be effective enough.” In other words he doesn’t believe what he says.
Among the top ten models of passenger cars in 2009, nine are produced in Russia, but most carry foreign name plates.
Best sellers are Lada, followed by Chevrolet, Ford, Hyundai, Renault, Kia, and Toyota. Full data here. Refer to TTAC’s roundup of 2009 sales data for a continuously updated roundup of 2009 sales data from around the world.