Figures from the AEB Automobile Manufacturers Committee in Moscow show sales of new passenger cars and LCVs in Russia showed another significant drop last month, falling 37.7% to 125,801.
During the January-May period, slightly fewer than 642,000 units were sold.
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“On the surface, no visual improvement in May versus the weak sales result in preceding months since the beginning of the year,” said AEB Automobile Manufacturers Committee chairman, Joerg Schreiber.
“At the same time, general customer activity is undergoing a mild re-activation, thanks to a gradual reduction in bank interest rates and new car prices supported by a more robust rouble exchange rate.
“This relative improvement is unlikely to bring about a fundamental turnaround for the market, but should help to slow down the pace of year-on-year sales decline in the coming weeks and months.
“The AEB is planning to update its full-year forecast for the market of PC and LCV [s] next month together with [the] sales result for June.”
