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28 Jan
14:03

Russia's 2020 car production decreases, outlook mixed

Carmakers in Russia reduced production in 2020 due to the impact of the Covid-19 pandemic and low demand, according to national statistical service Rosstat data. About 1.26 million passenger cars were produced during the year, down by -17.5% on-year, Kallanish notes. This is an improvement on the -19.7% fall after 11 months. In December alone almost 127,600 cars were assembled, up by 9.7% on-year but less by -6.9% on-month. In November output was 137,000, up by 9…
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