Figures from the Association of European Businesses (AEB) show in the January-April period,new car and LCV sales declined by 4% or 32,567 in comparison to the same period of the previous year.

So far this year, only 829,046 cars have been sold.

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In April 2014, sales of new cars and light commercial vehicles in Russia dropped by 8% compared
with April 2013 or by 18,739 sold units and totalled 226,526 cars, according to the AEB
Automobile Manufacturers Committee (AEB AMC).

Among the top ten best-selling models of passenger cars, ten are produced in Russia.

“After a brief spell of recovery, the market is falling back into negative territory,” said AEB AMC chairman, Joerg Schreiber.

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“It is obvious recent price increases forced by a weaker rouble are taking their toll on a consumer demand, which had been fragile to begin with.

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“In the framework of a sluggish economy, this situation is unlikely to change.”