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:

Pin It

Comments

Recommended

After making its debut at the Paris Motor Show last year as a concept car, the Trezor by Renault managed to bring home the 2016 Concept Car Design Of The...
by - March 23, 2017
We can already smell success for Opel, even if it had only recently inked its marriage with the PSA Group. The Insignia, being one of Opel’s best selling cars of...
by - March 23, 2017
The German automaker Volkswagen is now racing against time to come up with electric vehicles that will be able to pass Europe and China's stringent emission standard. The car company...
by - March 22, 2017
In the last few years, the advent of compact sedans and crossovers has become quite overwhelming. Even two of the major manufacturers that “started it all” have to admit that...
by - March 22, 2017
By 2020, Audi will be throwing out not just one but three fully-electric vehicles. One of which will be pitted against the BMW i8. This new information was revealed by...
by - March 22, 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