AEB: Russia’s car, LCV sales fall 5% to 77,916 vehicles in Jan

MOSCOW, Feb 8 (PRIME) -- Sales of new passenger cars and light commercial vehicles (LCV) in Russia decreased 5% on the year to 77,916 vehicles in January, the Association of European Businesses (AEB) said in a report on Wednesday.

“If the market is going to grow this year, then in January it is not showing any hurry to do so. After a very slow first two weeks, customer activity has been picking up visibly and consistently across the industry starting from the middle of the month. This suggests that consumers have digested the 2017 price and product offerings and are coming to terms with the new reality,” Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, was quoted as saying.

“This is a solid basis to start from into the beginning spring season, and with the recent trend continuing it should be only a matter of time until we see sales growing year-on-year.”

Sales of Russian car maker AvtoVAZ rose 5% on the year to 16,334 units in January.

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