AEB: Russia’s April new car, LCV sales soar fourfold to 151,964

MOSCOW, May 12 (PRIME) -- Russia’s sales of new light cars and light commercial vehicles (LCVs) jumped almost fourfold on the year to 151,964 in April from 38,922 vehicles in April 2020, the Association of European Businesses (AEB) said on Wednesday.

In January–April, sales rose 24.3% on the year to 515,934.

“April 2021 new car sales are 151,964 units and 290.4% higher than the ‘Black April’ of the last year. Especially the four biggest local manufacturers show above-market performance compared to the same month of the last year when the lockdown affected them most. The total sales of the first four months 2021 are 515,934 units and, as expected, 24.3% higher than 2020, but 4.5% below the sales of the same period of 2019,” Thomas Staertzel, chairman of the AEB Automobile Manufacturers Committee (AMC), said as quoted by the AEB.

“So far, the sales achievement of this year supports our year-end forecast of 2.1% sales increase vs. last year, but, with the market getting its real trace, the AMC will be able to update its annual forecast in July. The state support measures are still needed to further stabilize the customer demand and the business.”

Sales of Lada cars of Russia’s largest carmaker AvtoVAZ jumped to 37,931 cars in April from 9,396 cars in April 2020 and by 37% on the year to 121,839 vehicles in January–April

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