Report: GAZ expects sales in 2010 to rise well above its earlier target

Article by Christian A., on September 12, 2010

As Russia recovers from the economic downturn, automaker GAZ anticipates that 2010 sales will exceed its earlier target of 25% volume growth, according to top executive Bo Andersson.

In a Reuters interview, Andersson said that GAZ is likely to surpass its forecast last month for a 25% sales growth for the entire year to reach 84 billion rubles ($2.7 billion).

On the sidelines of an auto industry conference, Andersson told reporters that it appears that the company “should be well over the target in units."

However, Andersson declined to specify what its forecast meant in ruble terms. Before sales plunged in 2009 due to the global financial crisis, Russia had been on track to overtaking Germany as the leading car market in Europe.

For the first seven months of 2010, Russian car sales are up 9% on 2009 to 963,688 units but still 45% below 2008 levels. The Russian government anticipates a 15% rise for the full year with sales of about 1.7 million vehicles.

Andersson said that the market would quickly return to the pre-crisis levels of 3 million cars. He claims that if the sales trend continues, Russia will get ahead of Germany, England, Italy and France within two or three years. [via autonews - sub. required]

Topics: russia, sales

If you liked the article, share on:

Comments

Recommended

Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries