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Russian dealers expect a recovery in the car market in the 2016-2017

After a decline in demand for cars in 2015, the Russian car dealers expect that the market will begin to recover in 2016- 2017. The recent substantial devaluation of the ruble, influenced the operations of the dealers can adjust expectations both in rate of decline in the market, and the time of its recovery.

These data were obtained in a survey, conducted at the beginning of December 2014 by EY Company, together with the association "Russian Automobile Dealers" (ROAD).

According to the results of a study on the development prospects of the industry and plans of Russian dealers of passenger cars and light commercial vehicles, 34% of them, despite of the situation in the market, will not delay the implementation of investment projects on development of dealer network and do not plan to cut staff. 69% of respondents believe that the current decline in demand for cars may lead to industry consolidation. More than a third of companies are considering mergers or acquisitions, and 77% of respondents - the sale of individual dealerships. 60% of respondents expect that the recovery of growth will begin in 2016, and according to 37% it will happen in 2017.  

Source: www.autostat.ru