AEB data shows that December sales totalled 270,653 cars, up by 6,346 units.

In comparison, full-year 2014 sales declined by 10.3% or 286 143 units in comparison to the same period of the previous year. A total of 2,491,404 cars were sold.

Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee, commented: ‘2014 ended with a strong finish, but with a cumulative volume loss of 10% remains a disappointing year for the Russian car market. In the face of the looming recession, expectations for 2015 are even lower: Our forecast for the total market of PC and LCV next year is 1,89 million units, equivalent to a 24% contraction of the market on a year-on-year basis.’

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