Russian LCV market holds up well despite corona-virus
By Jim Gibbins - 1st October 2020
Russia – In spite of the corona-virus pandemic, new light commercial vehicles (N1 category - gross vehicle weights of up to 3.5t - including buses of the M2 category up to 5t gvw) fell by just 12.8% in January to June this year to 40,082 units compared with 45,964 units in the same period of last year, according to figures from Avtostat Info. Domestic LCV producers registered 67.8% or 27,185 units a decrease of 13.8% year-on-year, while foreign-made registrations shrank by 10.6% to 12,897 units.
A much greater contraction had been forecast during the height of the pandemic but the first half-year results proved better than expected, which was partly due to government support measures including contracts for ambulances built on chassis supplied by GAZ, UAZ and Ford.
