Released on: January 16, 2008, 12:06 am

Press Release Author: Shushmul Maheshwari

Industry: Automotive

Press Release Summary: The leading market research company RNCOS has recently
released its study \"Booming Russian Automobile Sector\".

Press Release Body: The leading market research company RNCOS has recently released
its study \"Booming Russian Automobile Sector\". The market research gives an overview
of the global automobile industry keeping Russian automobile industry at its core.

The Russian industry has been defined in detail covering its current landscape and
future outlook. The future growth of passenger car segment is further fragmented
into foreign and Russian branded cars. It also helps the clients to analyze the
leading-edge opportunities and driving factors critical for the success of Russian
automobile industry.

Market Analysis

The ongoing economic development in many parts of the world is spurring fast growth
in global automobile industry. In the year 2006, the worldwide automobile production
increased by around 4% from the previous growth of 3.1% in 2005. Region-wise, Europe
was next only to Asia-Oceania in terms of automobile production in 2006.

In 2006, Russia became the fifth largest passenger car selling country in Europe.
The Russian automobile industry represents the Russian manufacturing sector
condition and ripeness of a modern purchaser. Russian automobile sector emerged as
the one of the most dynamically growing in the world. Increasing customer awareness
and shooting demand for international quality and performance out of local-made
products has changed the former structure of Russian automobile industry and now
more manufacturers are focused on foreign branded automobile production. As for
future, Russia\'s entry to the World Trade Organization in 2007 will have a
significant impact on the market and foreign players will be benefited from it.

Research Highlights

- Increasing disposable income of Russian population has made the consumers to go
for higher segment cars in Russia.
- Russian tourism industry is also escalating the demand for cars.
- Low car penetration rate in Russia indicates a huge market is still untapped for
passenger segment.
- More awareness and rising demand for more features and technology is paving the
path for the foreign players, but it is also increasing the competition for domestic
players.
- Automobile industry is going to create a huge make for industries like steel,
plastic, and motor insurance in Russia.
- With the rising environmental concerns, the demand for hybrid cars will pick up
momentum in the country.

Key Issues and Facts Analyzed

- Automobile production at global level as well as at regional level for 2006.
- Global and region-wise automobile sales during 2005 and 2006.
- Sales of passenger cars in different regions during 2005.
- Automobile production by domestic and foreign manufacturers by types.
- Import of new and second hand foreign branded cars.
- Top selling foreign brands in the country in 2006.
- Sale of passenger car by price segment in 2006.
- Driving factors for the Russian automobile industry.
- Opportunities and constraints for the automobile manufacturers.

Research Methodology Used

Information Sources

The information has been compiled from authentic and reliable sources like books,
newspapers, trade journals, and white papers, industry portals, government agencies,
trade associations, monitoring industry news and developments, and through access to
more than 3000 paid databases.

Analysis Method

Methods like historical trend analysis, linear regression analysis using software
tools, judgmental forecasting, and cause and effect analysis have been used in the
report for a prudent analysis.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://www.rncos.com/Report/IM551.htm
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