Sales of new passenger cars and LCVs in Russia decreased by 13.4% in February 2016 to 111,145 units. Year to date, 193,072 units were sold – down 20.8% on the first two months of 2015.

Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, commented: “The pace of year-on-year decline is slowing down visibly, with minus 13% to the smallest value in 14 months. This is an expected and welcome development, much of it being attributable to the low volume base of last year. Now spring season is approaching, and this is usually good news for car sales. So the coming weeks will show in what shape consumer demand really is these days.”