Fraunhofer characterizes Alphabet Energy thermoelectric PowerCard; up to 5% fuel economy improvement in automotive
BESC study finds unconventional bacteria could boost efficiency of cellulosic biofuel production

Automotive sales in Russia in 2015 down 35.7%

Sales of new passenger cars and LCVs in Russia decreased by 457% in December 2015, with a 35.7% drop for the entire year, according to figures released by The Automobile Manufacturers Committee of the Association of European Businesses (AEB) in Russia.

The Association of European Businesses is an independent non-commercial organization representing and promoting the interests of European companies conducting business in and with the Russian Federation.

In December 2015, sales of new cars and light commercial vehicles in Russia decreased by 123,682 units to 146,963 cars, according to AEB AMC. For the full year, new car and LCV sales declined by 890,187 units to 1,601,126.

Expectations for the new year are muted. AEB member forecast for the total market in 2016 is to reach 1.53 million units, assuming no major change in government support to the automotive sector. Under this condition, it appears possible to limit further volume erosion to a level of under 5% year-on-year. This would be some progress in view of the dramatic losses in the recent past, bearing in mind however that it remains uncertain when the market will finally stabilize and return to much needed growth.

—AMC Chairman, Joerg Schreiber

Comments

HarveyD

A very effective way to reduce GHG and air pollution?

Lad

Harvey:
Interesting take.
Like Saudi Arabia, Russia's economy depends greatly of fossil fuel sales so a reduction in auto sales reflects back to a negative effect to their economic growth.

HarveyD

@Lad:

Agree with you that negative economic growth = reduced car sales, reduced fossil fuel consumption, reduced GHGs and pollution.

The reverse happened in China for the last 2 decades or so and look at the pollution mess created.

The world as yet to learn how to foster economic growth with less fossil fuels usage, less GHGs and less pollution.

Dr. Strange Love

Sales are down. Defaults on debt are up.

The comments to this entry are closed.