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

Porsche already has the Performance Package for their range-topping Macan Turbo, which is currently available in some countries. Soon, this model will be dethroned by something even fancier by the...
by - October 22, 2017
After the highly dynamic Polestar 1 two-door coupe – Polestar’s first ever production car -- was recently unveiled, not a few people’s curiosity was piqued as to how much they...
by - October 21, 2017
The BMW 7 Series is already highly sought after but nonetheless, the German marque is giving it a more exclusive variant for the Russian market, and they are calling it...
by - October 20, 2017
Several automakers including Porsche, Volkswagen, Smart and even Land Rover have all been victimized by cheap Chinese copycats. And if you haven’t seen it yet, the most recent one would...
by - October 20, 2017
The Mercedes-Benz G-Class has been around for quite some time now but to bid it farewell, the company has launched the Mercedes-AMG G65 Final Edition. Mercedes will only build a...
by - October 20, 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