This year’s plenary session, which took place on 3 February, was devoted to the automotive industry in Russia, its trends, forecasts and prospects. AEB CEO Frank Schauff also contributed opening remarks. He noted that in spite of deterioration in the auto market AEB is not duly concerned about the prospects for the coming year: “2016 appears to be a difficult but very interesting year. AEB members forecast the total automotive market to reach 1.53 million units in 2016, assuming no major changes in government support to the sector. Under this situation, it appears possible to limit further volume erosion to a less than 5% contraction year-on-year. However, the Russian market – even with such a significant fall – remains important and interesting over the longer run”. 

The full photoreport is on the AEB Facebook page. The post release is available in Russian for downloading.