RUSSIA: Car output down 62% year to date

25 November 2009 | Source: just-auto.com editorial team

Russia's car output fell 61.8% year on year to 483,000 units in January - October, the Economic Development Ministry said in a report, PRIME-TASS reported.

The fall was attributed to a sharp decline in demand, over-production in 2008, and difficulties for domestic car makers in obtaining loans.

Car output rose 5.1% month on month in October, the ministry said.

Truck output fell 70.2% year on year to 70,500 units in January - October, the ministry said. Truck output in October rose 28.8% month on month.