UPDATE: AEB sees new car, LCV sales in Russia falling 2.1% in 2020 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: AEB sees new car, LCV sales in Russia falling 2.1% in 2020

(Adds details in headline, lede, paragraph 2)

MOSCOW, Jan 14 (PRIME) -- The Association of European Businesses (AEB) has projected a 2.1% year-on-year decline in sales of new car and light commercial vehicles (LCVs) in Russia to 1.72 million units in 2020, CEO Joerg Schreiber said at a presentation on Tuesday.

УWe forecast a further decrease of the market: minus 2.1% to 1.72 million vehicles,Ф Schreiber said. УContinuation of an uneasy period is expected in 2020. Market participants have reached the ceiling of opportunities for stimulation of demand. There is no certainty that any significant improvement in the environment will happen in 2020.Ф

In 2019, RussiaТs car and LCV sales fell 2.3% on the year to 1.759 million vehicles, he said.

In December, sales rose 2.3% on the year to 179,000 units, according to the presentation.

End

14.01.2020 12:48
 
 
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