Russia’s new cars sales show increase for fifth month in a row in July

Friday, 27 August 2010 14:36:57 (GMT+2)

According to Russia-based AEB Automobile Manufacturers Committee (AEB AMC), in the first seven months of 2010 Russia's sales of new cars and light commercial vehicles increased by nine percent year on year, with the growth in July alone amounting to 48 percent year on year. Thus, July was the fifth month in a row in which a revival was seen in the market for new cars and light commercial vehicles in Russia.
 
Among the top ten bestselling models of passenger cars so far this year, nine are produced in Russia.

"Despite the traditional holiday period and the shortage of cars, sales in July were almost at the level of June. The revival of the market allows optimism for the remaining months of the year. Nevertheless, in August and September, there may be some slowdown due to holidays in the majority of Russian factories as well as emergency weather conditions in several regions of central Russia," AEB AMC's vice chairman Martin Jahn commented.            

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