Russia to become Europe's largest automotive market

Russia to become Europe's largest automotive market - Russia's car market is predicted to move towards the top six in the world, with sales of 4 million units in 2020. This will be shifting Germany as Europe's biggest auto market.

According to the Boston Consulting Group-consulting firm, the growth of the automotive market Red State Bears rose from 8 percent to 14 percent after recovering from the crisis of 2008-2009. In 2013, total car sales in the country's 3 million units.

Kreid Ewald, head of Boston Consulting in Moscow said that, in the last 18 months the Russian automotive market charts up and down like a roller coaster. "But now began a normal and stable. Some of cooperation with foreign parties, modernization and local production will boost domestic sales," he explained, was quoted yesterday autonews.

Based on data from the European Business Association in Russia, last year, passenger and commercial vehicle sales jumped 30 percent to 1.91 million units from 2009.Masih not been able to equal the achievement of 2008, the highest in the history of Russian automobile industry.

Last year, carrying 70 percent of sales growth is the result of an incentive to swap a used car that proclaimed a new government to help local producers Avtovaz from bankruptcy. Sales Lada (brand owned Avtovaz) rose 48 percent last year and is expected to persist until the middle of this year.

Sexy Russian as one of the world automotive market potential, and even attract a number of principals to invest, say Peugeot-Citroen and General Motors have expressed interest into Russia establishing a new plant.