Russian auto sales down 20% in September

By / 10 years ago / News / No Comments

The data shows that the market fell by 49,662 sold units, amounting to 197, 233 cars.

Year to date, 2014 new car and LCV sales declined by 13.0% or 266,753 units in comparison to the same period of the previous year, with a total of 1,779,947 cars sold.

Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, commented: ‘September sales show a visible improvement over August, reflecting the end of the holiday season and quarter closing efforts by the market participants. Industry baseline performance however remains weak, demonstrated in the ongoing significant volume erosion compared to prior year.

‘Until year end, the negative sales trend should be mitigated somewhat as a result of government measures in support of domestic vehicle production. We do not expect however a fundamental trend reversal for the total market during the fourth quarter of the year. Considering also the weaker than expected market performance in the third quarter, we are maintaining our full year outlook for the sales of PC and LCV in 2014 at a level of 2.45 million units, equivalent to a 12% drop compared to 2013 result of 2.77 million units.’

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Natalie Middleton

Natalie has worked as a fleet journalist for nearly 20 years, previously as assistant editor on the former Company Car magazine before joining Fleet World in 2006. Prior to this, she worked on a range of B2B titles, including Insurance Age and Insurance Day. Natalie edits all the Fleet World websites and newsletters, and loves to hear about any latest industry news - or gossip.

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