Russian car sales increase 18.6% in July   [ Russia ]

The 129,685 new cars and light commercial vehicles (LCV) sold in Russia in July 2017 represented a increase of 18.6% compared to the same month in 2016 according to the Association of European Business (AEB) Automobile Manufacturers Committee on August 8.
The 848,214 new cars and LCVs sold in the first seven months of 2017 represented an increase of 8.5% over the same period in 2016.
Among the four largest OEM retailers in Russia in July 2017, AvtoVAZ sales were up 21.8% to 26,502 units, Kia sales were up 36.7% to 16,187 units, Hyundai was up 10.6% to 11,952 units and Renault was up 20.3% to 10,982 units.
The 3 bestselling models sold in July were the Kia Rio, Lada Granta and Hyundai Solaris.
Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee said, “Double-digit growth on the Russian car market continues for the third month in a row, unabated by the arrival of the peak holiday season. It appears that, finally, the middle-class buyer has woken up, encouraged by a brighter outlook on the economy and embracing the package of purchase incentives put together by the government. The recent sales trend is great news and feeding the optimism that 2017 will indeed become a turn-around year for the industry.”

(AEB press release from August 8, 2017)

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