AEB: Russia’s new car, LCV sales rise 0.8% to 120,081 units Feb

MOSCOW, Mar 4 (PRIME) -- Russia’s sales of new light cars and light commercial vehicles (LCVs) rose 0.8% on the year to 120,081 units in February, the Association of European Businesses (AEB) said on Thursday.

In January–February, sales of new cars and LCVs decreased 1.4% to 215,294 vehicles.

Sales of Lada cars of Russia’s largest carmaker AvtoVAZ increased by 13% to 28,272 vehicles in February and by 7% to 50,129 vehicles in January–February.

“After slight decrease in the first month of this year, the February new vehicle sales of 120,081 units show again a slight increase versus same month of the previous year. This seems to be a sign of continuous stabilization followed by a further recovery month,” Thomas Staertzel, chairman of the AEB Automobile Manufacturers Committee, said as quoted by the AEB.

“In general, the market remains at the last year’s level as the AMC announced at the recent press conference. March will provide a more accurate picture with sales data from all the reporting brands,” the executive said.

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