Russian car and LCV market has shrunk by 27.5% in July

Russian car and LCV market has shrunk by 27.5% in July

RusAutoNews.Com – According to Association of European Businesses (AEB) data, 131,087 new cars and light commercial vehicles have been sold in Russia in June (-27.5%). Thereby, the number of vehicles sold in the country within seven month has reached 913,181 (-%35,3). Nine of the top-ten best-sold models of November are manufactured in Russia.

Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented:

“After a cumulative volume loss of 36% in the first half of the year, the July result of minus 27,5 % looks almost like a piece of
good news. In reality, what we are seeing is mostly the low-base effect of a poor market showing in the corresponding period last year. The fundamental performance of the automotive market continues to disappoint though, in the framework of a struggling economy and falling consumer incomes. Purchase incentives provided through government programs and by the market participants themselves have proven instrumental in avoiding an ever sharper decline, however would need to be enhanced significantly to be able to reverse the trend in a substantial manner”.

Top-10 best-sold models in July. Graphic: Kommersant

aeb temmuz 2015

The detailed sales figures: AEB Press-Release.