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Article: Rolf Group still positive on Russia.(Financial report)(Brief article)
- Article from:
- Automotive News Europe
- Article date:
- March 2, 2009
- Author:
CopyrightCOPYRIGHT 2009 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Arjen Bongard
Rolf Group remains bullish on the prospects for the Russian market, despite expectations that its business volume could drop between 35 percent and 50 percent this year.
Nick Hawkins, CEO of Rolf, Russia's largest importer of foreign cars, said he was confident the market would recover in 2010 and beyond.
"I still think people should be bullish on this marketplace, he said in a phone interview. "Most people still forecast an upward trend.
PricewaterhouseCoopers said in January that car sales in Russia could fall between 25 percent and 50 percent this year. Hawkins said he ...