Page 103 - RusRPTNov19

our Sollers – Back on radar screens; upgrade to Buy, of 2 October for more details),” VTB Capital (VTBC) said in a note.
Sollers started to consolidate Ford Transit sales from 2H19. The sales of the model increased 30% y/y to 1,408 units in September, while the July-September sales were up 21% y/y to 3,598 units. We continue to see the Ford Transit as the key source of growth and profitability for Sollers in the near to medium term. Meanwhile, UAZ sales were up 3% y/y to 3,555 units in September, although still down 3% y/y to 26,331 units in 9mo19.
AvtoVAZ remained the market leader with a 21% share in 9mo19. Its Lada sales increased 1% y/y to 31,516 units in September and 2% y/y to 265,200 units YTD. The market share of AvtoVAZ/Renault/Nissan/Mitsubishi Group stood at 36.5% in 9mo19.
Among other Russian brands, GAZ saw a 33% y/y increase in its LCV sales to 6,030 units in September, while YTD sales of its vehicles increased 7% y/y to 42,422 units.
103 RUSSIA Country Report November 2019 www.intellinews.o