Russian Car Sales May Drop Second Year on Recession, PwC Says
- Demand will depend on economy, state support for industry: PwC
- Ruble's slide making imported vehicles less affordable: Rolf
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Russian car sales may fall another 14 percent next year if the economy heads into a second year of recession, according to PricewaterhouseCoopers LLP.
As few as 1.1 million cars may be sold during 2016 if the slowdown deepens and the government doesn’t support the industry, according to the worst-case scenario of PwC, Oleg Malyshev, a partner at PwC in Russia, said by e-mail. That compares with a projected 1.28 million units sold this year, down 45 percent from 2014.