Russia sales of passenger cars and LCVs fell 3.3% in June, marking yet another monthly drop.
The gloomy news is part of a declining trend, which has seen Russia post month after month of faltering sales as the country continues to endure international economic sanctions and volatility in energy prices.
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Sales of new cars and light commercial vehicles in Russia decreased by 3.3% last month compared to June, 2018 or by 5,171 sold units, amounting to 151,180 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).
“Six months into 2019, we find the market 2.4% down year-on-year, with a second quarter that proved more challenging than the first,” said AEB AMC chairman, Joerg Schreiber.
“Market expectations for the second half of the year are not fundamentally better. It is clear market growth in the full year of 2019 is not a realistic scenario any more.
“Even with a certain trend improvement in the second half, it would appear the best outcome the market can hope for is to equalise last year’s sales result.”
