Russia’s largest carmaker AvtoVAZ has reported its sales in 2013 were down by 12% to 535,000 vehicles.
Of that total, some 456,000 vehicles were sold on the domestic market, 15% down on 2012’s total. The Russian car market declined in 2013 as the economy stuttered and consumer confidence waned.
AvtoVAZ also reported a net loss of 2.6bn roubles in the first half of 2013 (which compares with a net profit of 27.4bn roubles in the first half of 2012).
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Monumo’s Anser® platform has won the Innovation and Environmentalawards by reinventing electric motor design with ultra fast, system level optimisation and lower environmental impact. Learn how Anser® is powering the next wave of sustainable automotive engineering.
