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Russian auto market is estimated to be hit in 2021 given the various macroeconomic factors affecting the industry, states the Russian automotive market research firm, Autostat.

 

Autostat has estimated a drop in the passenger car sales by 5-6pc from the ongoing year to around 1.35mn units next year.

But the research firm states, should the country’s economy improve next year from 2020, it could have a bearing on the auto market with increased sales.

 

Autostat expects the Russian auto market to drop by 7-10pc by the end of this year from 2019. 

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