In August 2014, sales of new cars and light commercial vehicles in Russia dropped by 25,8% compared with August 2013 or by 59,9 sold units, and amounted to only 172, 015 cars,

In January-August 2014 new car and LCV sales declined by 12.1% or 217,092 items in comparison to the same period of the previous year. This year 1,582,713 cars have been sold.

Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, commented: ‘August was another difficult month for car sales, which hardly surprised anyone in the industry. The recently announced government incentive for the scrappage and trade-in of vehicles raises hopes that the market slide can be stopped. Whether this will be the case or not depends on how quickly the program will come into effect, so that market participants can finally make use of it.’

All of the top 10 bestselling models of passenger cars are produced in Russia.

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