New car and LCV sales have shrunk by 17% in Russia in July 2016

New car and LCV sales have shrunk by 17% in Russia in July 2016

RusAutoNews.Com – New car and LCV sales have shrunk by 16.6% year-on-year in Russia in July 2016, according to the AEB Automobile Manufacturers Committee. 781.605 automobiles have been sold within the first seven months of this year. Nine out of ten bestselling models are locally produced.

The Chairman of the AEB Automobile Manufacturers Committee Joerg Schreiber commented on the new car and LCV sales: “Like it or not but the market as a whole is still nowhere near the shape needed to at least consolidate at last year’s modest level. Despite stable prices, high purchase incentives and continuing government support the basic problem is that there are only so many customers out there able or willing to spend money on a new car right now. Long-term demand however remains high and is in fact building up as purchase decisions are being postponed. It is just a matter of time for this demand to be unlocked; only not so clear is for how much longer we have to wait to see the turnaround”.

Ford has achieved the highest growth rate amongst the top-ten bestselling brands, with 40% (23,984 units in total). Skoda has become the leader of July, on the other hand (4670). Lada, KIA and Hyundai are the three best-sold brands.

The detailed new car and LCV sales figures are available in our website: RusAutoNews.Com/statistics/