Russian automobile market has shrunk by only 1.1% in November

Russian automobile market has shrunk by only 1.1% in November

RusAutoNews.Com- According to data published by the Association of European Businesses (AEB), 229,439 new cars and light commercial vehicles have been sold in Russia in November. The year-on-year market shrinkage rate is only 1.1%. Thereby, the number of vehicles sold in the country has reached 2,220,751 by the end of the first eleven months of the year (-11.6%).

All of the top-ten best-sold models of November are manufactured in Russia.

The chairman of AEB Automobile Manufacturers Committee: Joerg Schreiber has made the following comment: “Under unusual circumstances, unusual things are happening: November month result exceeds October result, and total sales in November are almost at the same level as last year. Retail demand has been extraordinary in recent weeks, helped by government subsidies and consumers rushing to get ahead of widely anticipated new year price increases. The outlook on December sales is rather promising as well, raising the prospect of a decent closing of a difficult year for the Russian car market”.

Detailed market figues: AEB Press-Release