Russian car market has risen to the second place in Europe in August

Russian car market has risen to the second place in Europe in August


 

Autostat.- Russian car market has risen to the second place in Europe in August.

According to European Automobile Manufacturers’ Association ACEA data, Germany has become the European leader in sales in August with 251,044 vehicles (-20%). As stated by the Association of German Automobile Industry VDA, the significant shrinkage in car sales has occurred due to the high base of last year’s results, as well as the exhaustion of the backlog of demand that accumulated during the period of quarantine restrictions. 

If Russia is taken into account in the evaluation of the European market, then the country has risen to the second place in the rankings. As estimated by Autostat, approximately 130,000 passenger cars have been sold in Russia last month.

The third spot is occupied by France in the European automobile market with 103,631 vehicles (+11.3%). Thereby, a negative result was recorded following two months of growth. Italy follows the top-three with 88,801 units (-0.4%). As stated by the Italian Association of Car Manufacturers ANFIA, demand was stabilised for the first time after five months of double-digit shrinkage in sales. 

The top-five has been completed by Great Britain, where the dealers sold 87,226 automobiles (-5.8%). As noted by the British Society of Motor Manufacturers and Traders SMMT, demand traditionally drops in August, ahead of the September spike in sales associated with the upcoming introduction of new excise taxes on vehicles.