Auto sales in Russia fall to the lowest level in ten years
On Thursday, May 12, the Chairman of the Automobile Manufacturers Committee of the Association of European Businesses (AEB) stated that auto sales in Russia fell to the lowest level in the last ten years. This applies to both March and April and to the cumulative result for the first four months of 2016. Overall in Russia, since the beginning of the year, 440,600 cars have been sold; a 15% decrease from the same period last year.
The largest drop was in the brands Datsun and Honda, with 56% fewer sales than the first four months of 2015. Mitsubishi saw a 51% decrease.
Several auto manufacturers, however, saw increased sales compared to the same period I 2015, including Chang’an with a 109% increase, Cadillac with a 94% increase, and Ford, which saw their Russian sales rise by 74%.
The Russian AvtoVAZ saw an 8% increase in April 2016 compared to the same month in 2015, though overall sold 11% fewer cars in the first four months of this year compared to the same period last year.
Earlier, the AEB reported that the rate of decline of the auto market in Russia has begun to slow, with February having the smallest decrease in sales since the end of 2014.