Morgan Stanley’s auto research team has published its May 2o15 Global Auto Databook and for the most part, it’s packed with information about how strongly the global auto industry has recovered since the financial crisis. However, two countries stand out for the collapses that their auto markets have endured. In 2011, Russia saw 39% growth in auto sales, according to Morgan Stanley. In 2012, that number ebbed, to +11%. Then it went rapidly south, with 2014 witnessing a 13% contraction in sales. Morgan Stanley predicts that 2015 will be worse: -15%. The Russian market then returns to a 5% estimated …read more
Source: Business Insider
