Russian car sales shrank 56% year on year in June but the rate of reduction reduced slightly from the 58% slump seen the previous month, the Association of European Businesses said on Wednesday.
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In the first half of 2009, sales of new cars fell 49% as consumers tightened their belts in the face of job losses and salary cuts during Russia’s first recession in a decade.
Banks’ unwillingness to give out loans has also weighed on sales, Reuters reported.
