KAMAZ Increased its Market Share to 46.6 Percent
OREANDA-NEWS. The best-selling models of KAMAZ vehicles for the first seven months of 2013 are a high-sided vehicle KAMAZ-43118, dump trucks KAMAZ-65115 and KAMAZ-6520.
On the whole, OJSC KAMAZ has sold 20.4 thousand trucks on the domestic market for seven months of 2013, which is by 11.3% less than for the same period of last year. At the same time, the Russian market of trucks with GVW of 14-40 t has seen a 33.9% year-over-year decrease to 43.8 thousand units for seven months of 2013. The reduction is caused by a negative influence from Russia’s WTO accession on the industries which exploit automotive equipment (timber, construction, agricultural industries); financing of federal target programs (e.g. Dwelling, Motor Roads, Rural Development Programs) behind schedule; stocks of equipment imported to the RF in the first months of the year. Under these conditions, KAMAZ increased its market share to 46.6% as of the beginning of August 2013 (against last year’s 34.7%).
KAMAZ’s marketing analysts forecast that the Russian market of trucks with GVW of 14-40 tonnes will number 85 thousand units in 2013. Such a prognosis was caused by a slowdown in global economic growth, a reduction of fixed asset investments, a decline in building, as well as in retail trade turnover and commercial freight turnover. In particular, the investment activity of small businesses is lowering – in view of a growing tax burden, many small businesses were liquidated. The Russian Government has recently approved an economic growth plan. The focus is on the small and medium business development, the business climate improvement, the higher investment activity, the availability of credit and the “real sector” development. It is also planned to adapt certain economic sectors to conditions of Russia’s WTO membership.