09.08.2017, 17:31
The Russian car market grew by 19% in July
Source: Autostat
OREANDA-NEWS. Sales of passenger cars and light commercial vehicles in Russia grew by 18.6% in July to 129,685 vehicles. According to the results of seven months of 2017, the Russian car market grew by 8.5% to 848,214 vehicles, according to the data of the Association of European Businesses.
As noted in the AEB, the growth of the Russian market, expressed in double digits, continues for the third month in a row. It did not weaken even with the peak of the season of holidays. It seems, finally, that middle-class buyers woke up, encouraged by optimistic economic forecasts and evaluated the package of state sales support. The current trend in sales is great news, which gives hope that the year 2017 will be a turning point for the industry, according to the association. Recall, according to the forecast of the AEB, in 2017, the Russian car market may grow by 4% to 1.48 million cars, thus interrupting the 4-year period of the fall.
As noted in the AEB, the growth of the Russian market, expressed in double digits, continues for the third month in a row. It did not weaken even with the peak of the season of holidays. It seems, finally, that middle-class buyers woke up, encouraged by optimistic economic forecasts and evaluated the package of state sales support. The current trend in sales is great news, which gives hope that the year 2017 will be a turning point for the industry, according to the association. Recall, according to the forecast of the AEB, in 2017, the Russian car market may grow by 4% to 1.48 million cars, thus interrupting the 4-year period of the fall.
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