RusAutoNews.Com – According to data published by the Association of European Businesses (AEB), 211,365 new cars and light commercial vehicles have been sold in Russia in October. This is equivalent to a 9.9% drop year-on-year. With the inclusion of October figures, the number of vehicles sold within the first ten months of the year has reached 1,991,312 (-12.7%).
The chairman of AEB Automobile Manufacturers Committee has made the following comment: “Market performance in October was far from perfect, however a step forward compared to the very weak results in recent months. The reason behind the relative improvement is the combined effect of the scrappage incentive supporting the sales of domestic models and the sharp decline of the Ruble, raising the short-term demand for imported models. The stimulating impact of these two factors will be only temporary, but for now appears to be carrying sufficient momentum to deliver a further improvement in the market sales statistics for November”.
Detailed market figues: AEB Press-Release
