Sales of new passenger cars and LCVs in Russia increased 11% in August according to data from the Association of European Businesses Automobile Manufacturers Committee (AEB AMC).

Among the top ten bestselling models so far, all models are locally produced.

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In August, sales of new cars and light commercial vehicles in Russia increased by 11% compared with August last year or by 14,644 sold units and amounted to 147,388 cars.

“The pace of market recovery has been robust from the start of this year, with year-on-year growth reaching 18% by the end of July,” said AEB AMC chairman, Joerg Schreiber.

“In August the healthy trend continued, supported by a spike in spontaneous customer purchases on the background of the recent weakening of the Ruble exchange rate.

“The growth story is likely to continue in the coming months, as the planned VAT increase from January, 2019 should make sure retail demand remains strong, in any case before the end of the current year.”

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