News of company
New car sales in Russia in May grew by 18%
In the five months of 2018, 692.87 thousand cars were sold, which is 20% more compared to the same period in 2017.
“In May, the Russian automotive market continued its steady recovery with an 18% improvement over the same month last year. The total increase in sales in the first five months of this year is at the mark of 20% - a significant step forward compared to the 5% growth shown in 2017. This encouraging trend reflects the positive dynamics in retail as a whole, and is accompanied by a steady increase in consumer confidence. In recent weeks, car sales in particular have benefited from a weaker ruble telling buyers not to delay buying a car. It remains to be seen whether this factor will have a reverse effect on the future behavior of retail sales, and to what extent, ”said Jörg Schreiber, Chairman of the AEB Automobile Manufacturers Committee.Source: RNS news agency