Russian vehicle market has shrunk by 24.4% in January

Russian vehicle market has shrunk by 24.4% in January

RusAutoNews.Com – According to Association of European Businesses (AEB) data, 115,390 new automobiles and light commercial vehicles have been sold in Russia in 2015. Thereby, the market has shrunk by 24.4% by the end of the first month of the year. All of the ten best-sold models have been manufactured in Russia.

The chairman of AEB Car Manufacturers Committee: Joerg Schreiber comments: If December was a big party for many market participants, then January is the equivalent to a bad hangover. The peculiarity of the current situation is that 2014 model year stocks at lower prices are practically sold out, much earlier than usual. At the same time, responding to currency movements, prices for the new model year have increased, much more than usual. The price transformation of the market is something still in process, so the headache will rather get worse before going away eventually.”

Detailed market figues: AEB Press-Release