Sales of new passenger cars and LCVs in Russia decreased by 51% in the first ten months of 2009 and by 52% in October 2009, according to data released by the Moscow-based Association of European Businesses (AEB).
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The October data suggests that there is little respite yet in the severity of the recession hitting Russia’s auto industry this year.
“October sales showed the same level of decline as in September compared to 2008 giving further indication that the market has stabilised but at a hugely reduced level compared to last year,” said David Thomas, AEB Automobile Manufacturers Committee’s Chairman.
He also said that the organisation is encouraged by the government initiative on introducing a scrappage scheme to the Russian automotive market.
“We support this but it is vital for the whole industry in Russia that the scheme applies to all dealers regardless of the origins of the cars that they sell,” he said.
Car and LCV sales in the first ten months of the year stood at 1,232,514 units, 51% down on last year. October sales were 116,700 units, down 52%.
Sales figures by group show that AvtoVAZ led the market in the first ten months with sales of 297,725 units, followed by GM (biggest brand Chevrolet) on 122,611 units.
