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Many global automakers may consider closing their Russian plants and instead focus on importing vehicles as the country’s car market continues its steep decline and forecasts are unfavorable.

According to a recent report by the Industrial Committee of the Russian State Duma, the domestic market’s steady decline is reflected in a 6% drop in sales through May, compared with year-ago.

The report predicts full-year sales might decline between 26% and 30% and the tailspin might continue for several years. By 2018, analysts say, sales might total only 2.3 million units, far short of the initial target of 3.6 million.



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Automakers Toy with Pulling Production From Russia

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