In January – May 548.119 cars were sold in Russia

In January – May 548.119 cars were sold in Russia

RusAutoNews.Com – In May 2016, sales of new cars and light commercial vehicles in Russia decreased by 14,5% compared to May 2015 or by 18 203 sold units, and amounted to 107 665 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).

Among the top ten bestselling models so far, nine models are locally produced.

This year in January—May 548 119 cars were sold.

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

“Total sales result in May demonstrates that the road towards market stabilization remains bumpy. As the car market keeps struggling, the macroeconomic picture gives reason for cautious optimism: The prevailing view among the experts appears to be that the country’s economy has passed the low point, and that the outlook until the end of this year is stable at least, or even positive moving into 2017. Such perspective is encouraging of course, but yet has to materialize in consumers’ minds before it can translate into growing confidence and purchase activity. For now, patience remains the order of the day.

The AEB plans to update its full-year forecast for the Russian automotive market in 2016 next month, with the completion of June sales”.

Detailed market figues: AEB Press-Release