Russia has posted October sales of new cars and light commercial vehicles increasing by 7% compared to the previous year or by 10,030 sold units.
Sales amounted to 154,164 vehicles according to the AEB Automobile Manufacturers Committee (AEB AMC).
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
“Like every year, strong October sales performance starts the year-end race,” said AEB AMC chairman, Thomas Staertzel.
“With [a] 7% increase of new vehicle sales versus October, 2019, the first month of Quarter IV shows [the] highest monthly growth in 2020 so far. This strong result is mainly triggered by the success of the big market players with the domestic production that assures more flexibility in deliveries.
“With -12.1% YoY, the annual gap versus the last year is getting smaller, [and we are] expecting two strong months coming. It seems realistic the updated AEB AMC year-end sales forecast of 1,522k passenger vehicles and LCVs will be met.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
