AEB: Sales of cars, LCVs in Russia rise 9.4% to 137,894 units Mar

MOSCOW, Apr 10 (PRIME) -- Sales of new passenger cars and light commercial vehicles (LCVs) in Russia rose 9.4% on the year to 137,894 units in March, the Association of European Businesses (AEB) said in a report on Monday.

In January–March, car and LCV sales increased 1% on the year to 322,464 units.

“Finally, the sales trend on the Russian car market is moving in the right direction. Year-on-year, the 9% improvement in March was big enough to compensate the smaller losses in January–February, turning the cumulative sales result of the first quarter into a slight plus. This is great news for our market which had not seen a positive quarter in more than four years. But as the saying goes, one swallow does not make a summer. More solid month results will be needed before we can call this a robust trend,” Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, said.

Sales of Russian carmaker AvtoVAZ increased by 13% to 25,110 vehicles in March and by 8% to 61,447 cars in January–March.

For further details, see the association’s statement on its official Web site:

https://aebrus.ru/upload/iblock/0d1/eng_car-sales-in-march-2017.pdf

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