New automobile and light commercial vehicle market has shrunk by 42.7% in Russia in November

New automobile and light commercial vehicle market has shrunk by 42.7% in Russia in November

RusAutoNews.Com – According to Association of European Businesses (AEB) data, 131,572 cars and light commercial vehicles have been sold in Russia in November. This means a 42.7% year-on-year shrinkage. The sales figure for January-November period is 2,220,758, on the other hand (-34.5%).

Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented: “One year ago, the Ruble was plummeting and customers were storming dealer showrooms to put their money to use before car prices caught up with the new exchange rate reality. None of this happened in November this year, which explains the relative deterioration in year-on-year performance of the market. The year is not over yet, however expectations regarding December are rather modest, especially in comparison with the record sales achieved last year at the peak of a short-lived sales boom”.

The detailed sales figures are available at the AEB Press-Release.