Russian car market will begin to grow at an oil price of $ 70 per barrel
However, Alexander Morozov, Deputy Minister of Industry and Trade of the Russian Federation, said during his speech at the "Rosavtodealer 2015" that this year the volume of state support were increased more than twice in compare with the figures, which were planned initially. In 2016, the state support will also be adjusted depending on the situation, and while the exact figures could not be announced neither on money nor on the number of cars.
"In the case of a negative market scenario at the oil price no higher than $ 50 per barrel, and the absence of effective government support, we expect in 2016 the further fall in the market to the level of 1.2 mln. cars, i.e. by 20% in relation to 2015”, - says Victor Pushkarev, the project manager of the agency "AUTOSTAT". – “In the case of the most favorable conditions (oil price of $ 80) it could be an increase of sales by 10% - to 1.65 million units.