Russian car market has shrunk by 42.5% in March

Russian car market has shrunk by 42.5% in March

RusAutoNews.Com – According to the Association of European Businesses (AEB) data, 139,850 new cars and light commercial vehicles have been sold in Russia in March. Thereby, the sales have shrunk by 42.5% year-on-year. The sales figure for the January-March period is 383,691 (-36.3%).

Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented: “Total market performance in March is bad, of course, but not much worse than expected. What we are seeing now in the sales statistics is the long-predicted ‘hole’ in consumer demand, caused by the pull-ahead of car purchases at the end of last year, and compounded by heavy price inflation in the current year. Sooner or later, the situation will stabilize, but we are not at this point yet”.

The best-sold ten models (Graphics: Kommersant)

The best-sold ten models (Graphics: Kommersant)

Detailed market figues: AEB Press-Release