/ Industry, News, Sales Reports / The value of cars sold in Russia last year is 22 percent higher than in 2011

The value of cars sold in Russia last year is 22 percent higher than in 2011

Linked In Share
The value of cars sold in Russia last year is 22 percent higher than in 2011

Russia’s car market increased in value by 21.9 percent to 2.33 trillion roubles ($77 billion) in 2012, auditing firm Ernst & Young reveals.

Vehicle sales rose 10 percent to 2.935 million units, reaching the pre-crisis level of 2008, in contrast with Europe where sales fell to a 17-year low, Reuters quotes data from Ernst & Young.

The car market in Russia flourished as the economy weathered a global slowdown due to a rise in government spending before President Vladimir Putin’s election in March. Another cause for the market’s growth was that prices of Russia’s key export, oil, have stayed above $100 per barrel.

Despite the good year, Ernst & Young said growth in the value of the Russian car market has slowed from 2011, when it grew 50 percent to 1.9 trillion roubles. The auditing firm’s sales figures for 2012 are slightly above the 2.76 million reported earlier this week by PricewaterhouseCoopers, which estimated the market will grow 5 percent in 2013 to some 2.9 million cars.

Ernst & Young said the auto market rose by just 7 percent year-on-year in December to 207.2 million roubles. Average car sales in Russia totalled some 194 billion roubles per month, said the firm. Compared with the previous year, the average price of a car increased by 10 percent, or 73,000 roubles.

by Dan Mihalascu (my Google+) - Friday, January 25th, 2013 - filed under Industry, News, Sales Reports. Image credit: .
Linked In Share
Related Articles
2012 sales average prices car value ernst young pricewaterhousecoopers reuters russia russia car market russia car sales sales growth Vladimir Putin


Discuss: The value of cars sold in Russia last year is 22 percent higher than in 2011

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Angry Rosberg tells Mercedes to improve
Angry Rosberg tells Mercedes to improveSep.21 (GMM/Inautonews.com) One small problem has cost Nico Rosberg big under the glaring Singapore floodlights. Long before ...
McLaren loses sponsor deal to Ecclestone
McLaren loses sponsor deal to EcclestoneSep.21 (GMM/Inautonews.com) McLaren has reportedly suffered yet another sponsorship blow. On the eve of the Singapore grand ...
Relaxing engine freeze talk ‘nonsense’ – Wolff
Relaxing engine freeze talk ‘nonsense’ – WolffSep.21 (GMM/Inautonews.com) Toto Wolff has declared Mercedes' obvious resistance to moves to relax F1's engine 'freeze'. The ...
Ferrari wants three-car teams ‘for the show’
Ferrari wants three-car teams ‘for the show’Sep.21 (GMM/Inautonews.com) Ferrari has split from the pack and declared its support for three-car teams in formula one. Amid ...
Honda plans to charm Alonso at Suzuka – report
Honda plans to charm Alonso at Suzuka – reportSep.21 (GMM/Inautonews.com) Even in the midst of Fernando Alonso's anger and warnings, rumours about his future just will not go ...
Grosjean slams Renault in Singapore qualifying
Grosjean slams Renault in Singapore qualifyingSep.21 (GMM/Inautonews.com) Romain Grosjean made his thoughts about Renault's below-par 2014 'power unit' more than clear as he ...
Deputy PM says sanctions won’t stop Russia GP
Deputy PM says sanctions won’t stop Russia GPSep.21 (GMM/Inautonews.com) Russia is pressing ahead with its preparations for next month's inaugural grand prix in Sochi. That ...
Sixth engine penalty inevitable now for Vettel
Sixth engine penalty inevitable now for VettelSep.20 (GMM/Inautonews.com) Sebastian Vettel's bad season continued to get worse even at the Singapore circuit he humbled at the ...
Massa tells Alonso to resist McLaren switch
Massa tells Alonso to resist McLaren switchSep.20 (GMM/Inautonews.com) Felipe Massa has advised his former Ferrari teammate Fernando Alonso to stick with the Italian team ...
FIA clampdown dubbed ‘Radio Ga-Ga’ in Singapore
FIA clampdown dubbed ‘Radio Ga-Ga’ in SingaporeSep.20 (GMM/Inautonews.com) F1's intended clampdown on performance communications between teams and drivers has been dubbed ...
Toro Rosso targets Suzuka debut for Verstappen
Toro Rosso targets Suzuka debut for VerstappenSep.20 (GMM/Inautonews.com) Toro Rosso intends to give Max Verstappen his F1 weekend debut in Japan early next month. Earlier, ...
Button admits McLaren decision could end career
Button admits McLaren decision could end careerSep.20 (GMM/Inautonews.com) Jenson Button has acknowledged that McLaren's deliberations over its 2015 lineup could leave him ...
Vettel ‘the right man for Ferrari’ – Ecclestone
Vettel ‘the right man for Ferrari’ – EcclestoneSep.19 (GMM/Inautonews.com) Bernie Ecclestone has named struggling world champion Sebastian Vettel as "the right man for ...
Test Drive: Peugeot 2008 1.6 e-HDI
Test Drive: Peugeot 2008 1.6 e-HDIThe small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being ...
FIA backtracks on car performance radio clampdown
FIA backtracks on car performance radio clampdownSep.19 (GMM/Inautonews.com) The FIA has backtracked over its total clampdown on "performance"-related radio communications in ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Peugeot_2008_1
2015 Vencer Sarthe 1
ferrari 458 italia crash germany autobahn 1
chevrolet-corvette-z06-rear2015
lamborghini gallardo crash mount sinai 1
Spied 2016 Mercedes E-Class 001
ferrari fxx for sale dubai 1
Volkswagen Beetle GRC 1
Range Rover Evoque SW1 1
kia vehicles paris motor show 1
Scion x Riley Hawk Skate Tour xB
Volvo XC90 R-Design 1

More automotive from inautonews
The small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being tested in two other occasions. The coordinates remain the same though; the model needs to prove its prowess in the crowded scenery of the fastest-rising segment in ...
read more
Inautonews Editors Section
Test Drive: Peugeot 2008 1.6 e-HDI
Test Drive: Peugeot 2008 1.6 e-HDIThe small crossover offered by the French automaker has become an acquaintance to the inautonews.com team, with the 2008 being tested in two other ...
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: GM CNG vansThe North American based automotive giant General Motors has recently issued yet another recall, ... Recall roundup: Toyota vehicles for fire riskThe Japanese based automaker Toyota has recently issued a recall for several of its vehicles ...
Safety Section