PwC said sales would drop to between 1.52 and 1.75 million cars for 2015, according to its presentation entitled “Russian Automobile Market: Results of 2014 and Perspective Development.”
According to the Association of European Businesses, the sales of passenger and light commercial vehicles in Russia in 2014 dropped in comparison with the previous year by 10.3 percent, or down to 2.49 million cars.
A slump in global oil prices and Western sanctions, imposed on Moscow over its alleged role in the Ukrainian conflict, hit the Russian economy in late 2014. The ruble has lost about half its value against the dollar since summer.
Earlier on Monday, Russian Central Bank head Elvira Nabiullina said that the country's inflation rate may reach 15 percent year-on-year in 2015.
