TASS6/16/2026Business1 min readRussia
Sollers Group CEO expects Russian auto market recovery in H2
Quick Look
- Sollers Group CEO Nikolay Sobolev anticipates a recovery in the Russian automobile market during the second half of this year.
- He projects the market to reach approximately last year's level in 2026, with a key factor for this revival being a reduction in the key interest rate.
AI-generated summary
Why It Matters
Sollers Group is a Russian automotive company. The Russian automobile market has faced challenges.
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MOSCOW June 16. /TASS/. Sollers Group expects the recovery of the Russian automobile market in the second half of this year, CEO Nikolay Sobolev told reporters.
"We nevertheless expect some revival in the second half of the year. The market will most probably be more or less at the last-year level [in 2026]," the chief executive said.
The key factor for the market recovery will be key rate reduction, Sobolev added.
What to Watch
AI outlook — possibilities, not facts
Russian auto market will recover in H2 2024.
Likely · Within months
Russian auto market will reach 2023 levels in 2026.
Possible · Within years
Open Questions
- What specific key rate reduction is anticipated?
- What factors contributed to the market's previous state?
Related Topics
This article was originally published by TASS.
