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OREANDA-NEWS. According to experts of the company IHS Automotive, the fall of the Russian car market will be 12%. It means that in 2016, in our country it can be sold 1.4 million cars and LCV. This forecast was voiced during the annual International Russian Automotive Forum, organized by Adam Smith Conferences, held in Moscow on March 15 – 17th.

However, it is kept the tendency in the direction of the pessimistic forecast – up to 1.2 million units. Thus, the company IHS Automotive believes that the current economic background can be called "extremely negative". Oil prices, which largely affect the value of the ruble, in the medium term can hardly be more than $ 38 per barrel (corresponds to the present annual average), while in 2017 this figure is unlikely to exceed $ 48 per barrel. Thus, the price of $ 80 per barrel, according to the current forecast, can be achieved only in 2020 and price of $ 100 per barrel - only after 10 years.

It is time when the Russian market will be able to return to the volume of 3 million cars: this is the level on which investors relied, when they developed their investment strategies for Russia.