August sales of new cars and light commercial vehicles in Russia decreased by 0.5% compared to 2019 or by 722 sold units and amounted to 137,517 cars according to the AEB Automobile Manufacturers Committee (AEB AMC).
“After volatile market developments since the beginning of the year, the signs of recovery during last month seem to be over already with flat new vehicle sales in August of -0.5% versus previous year,” said AEB AMC chairman, Thomas Staertzel.
Go deeper with GlobalData
“Traditionally, this summer month is not a very active one, but [a] further weakening Ruble could have stimulated a continuation of growth. Nevertheless, the decrease of 16.9% YoY August is still better than AEB 2020 forecast of -23.9%.
“With the State support measures, September will provide a more clear indication on the situation of the Russian automotive market and its development towards the year-end.”
