Sales of new passenger cars and LCVs in Russia increased 5.6% in December, while 2018 sales rose to 1.8m vehicles, up 12.8%.
Among the top ten bestselling models so far, all models are locally produced
In December, sales of new cars and light commercial vehicles in Russia increased by 5.6 % compared with December, 2017 or by 9,227 sold units, amounting to 175,240 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).
In 2018, new car and LCV sales increased by 12.8% or 204,854 units in comparison with the previous year. In January-December, 1,800,591 cars were sold.
“Total market sales in December improved by 5.6% on an annual basis, closing the year with a 12-month streak of consecutive growth,” said AEB Automobile Manufacturers Committee chairman, Joerg Schreiber.
“Cumulative sales in 2018 reached 1.801m units, posting a 12.8% plus compared to the prior year. The outlook for 2019 is not so straightforward. Consumer tax increases and a possible tightening of US sanctions create significant risks and uncertainties for the market performance especially in the first quarter of the year.
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“Assuming no drastic change in government policy and support for the automotive sector, market participants however expect that fundamental market demand should be robust enough for sales to consolidate and to return to a growth pattern in the course of the year.
“With this in mind, our 2019 full year prediction for sales of passenger cars and light commercial vehicles in Russia is a moderate improvement to 1.87m units, or by 3.6% compared to the prior year.”