Knibb,Gormezano and Partners is currently preparing a series of studies on the Russian automotive sector. The series is aimed at companies and investors in this rapidly growing market.  Key reasons why readers should be interested in this new series are:

Why you should be interested in this new series of studies?

• Sales of vehicles in Russia continue to grow at a significant rate and mean that the country will be the fifth largest market in the world by 2009 and should overtake Germany to become the fourth largest by 2012/13 (circa 2.6 million);

• The Russian automotive industry is undergoing massive change as the market grows rapidly with many of the gains in sales and production volumes being captured by foreign imports and transplants. However, the indigenous Russian players continue to fight for market share and strengthen their prospects through associations and joint ventures with well-known global vehicle manufacturers;

  • The truck, bus and coach sectors are also expanding rapidly;

    • The development of the components industry is lagging behind that of vehicle manufacturing in terms of skills and performance, especially in the powertrain sector where intense effort is required to meet the latest and upcoming emissions and CO2 targets;

      • The rapidly growing sales of new vehicles is also creating unprecedented expansion in the aftermarket. The vehicle parc in Russia which drives aftermarket demand is expected to double between the middle of this decade and the next. Not only that, but the make up of the parc will be much more diverse and complex to manage.