Car production in Russia has declined by 38.3% in August

Car production in Russia has declined by 38.3% in August

RBK – According to Rosstat data, Russian car production has gone down by 38.3% in August, in comparison with the previous year. The shrinkage rate for the first eight months of the year is 4.6%. 1.2 million automobiles have been manufactured within the January-August period.

As is known, the Russian automobile market has declined by 25.8% in August. The shrinkage rate in sales is 12.1% for the first eight months of the year. The total sales figure is 1.58 million (AEB data). Concordantly, the manufacturers review their production plans and cut production. Ford Sollers, GM and Volkswagen are amongst such companies.