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