Russia’s automobile market could grow by approximately 12 percent this year, recovering faster than formerly expected because of the enhancing economy, the head of Kia Motors’ Russian business informed Reuters on Friday. Alexander Moynov stated Kia had formerly seen Russian vehicle sales growing 5-7 percent this year, but now anticipates them to reach between 1.57
Car sales in Russia are observed to be increasing by 4 percent to 1.48 million units this year, the Association of European Businesses (AEB) lobby group stated on Thursday, as they revealed that sales dropped by 11 percent in last year to 1.42 million units. The AEB informed sales in December were also dropped, by
Russia’s vehicle market would diminish by 30 to 40 percent present year if it were not receiving state support, Russian news agencies quoted President Vladimir Putin as stating on Saturday. Russian auto sales have been falling for a fourth successive year amidst a weakening domestic economy, a depreciating Ruble currency and lower oil costs. The
New vehicle sales in Russia dropped 2.6 percent year-on-year to 126,658 automobiles in October, after a 10.9 percent drop in the previous month, the Association of European Businesses (AEB) lobby group stated on Wednesday.