AEB: Russia’s car, LCV sales fall 14.6% to 122,600 units in Jun

MOSCOW, Jul 7 (PRIME) -- Russia’s sales of new cars and light commercial vehicles (LCVs) fell 14.6% on the year to 122,622 units in June, the Association of European Businesses (AEB) said on Tuesday.

In January–June, sales of cars and LCVs decreased 23.3% to 635,959 units.

“After two months of sharp vehicle sales decrease, June showed signs of slow return to the previous year performance. Although dealers are operational, state support measures additionally stimulate sales and delayed purchases contribute on top, June still marks a decrease of 14.6% vs. June 2019. These six months have been a rollercoaster for manufacturers and dealers with slow climbing in the beginning of the year, followed by a sharp and never experienced downhill April/May and finished by a slow recovery in June,” Thomas Staertzel, chairman of the AEB Automobile Manufacturers Committee, said.

“The decrease of 23% year-on-year in June is close to the new AEB 2020 forecast of 1.339 million sold cars, which is also a decrease of 23.9%. The new forecast relies on continuation of state support for customers purchase motivation and no second pandemic wave,” he added.

Sales of Russia’s largest carmaker AvtoVAZ dropped 9% on the year to 28,020 cars in June and decreased 24% to 132,596 units in January–June.

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