Car and LCV sales down by 19.4% in Russia in August

Car and LCV sales down by 19.4% in Russia in August

RusAutoNews.Com – According to data published by the Association of European Businesses (AEB), 138,670 new cars and light commercial vehicles have been sold in Russia in August. The figure is equivalent to a 19.4% shrinkage year-on-year. All of the top-ten bestselling models of the month have been manufactured domestically.

The number of vehicles sold within 2015 has risen to 1,051,851, with the inclusion of the August figures (-33.5%).

Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented: “The pace of year-on-year sales decline slowed down further in August, suggesting the market is moving closer to finding some sort of equilibrium at a new, lower level. This may not happen too soon however, as currency fluctuations continue to have an enormous impact on day-to-day consumer behavior and demand for high-value goods like cars. The latest sharp drop in the value of the Ruble is a sure guarantee for the market to see an immediate uplift in sales, only to be followed by a corresponding slump later. So get ready for another ride on the Russian roller coaster!”

aeb agustos 2015

August’s top ten bestsellers (Chart: Kommersant).

Detailed market figures: AEB Press-Release