Russian car sales increase 16.7% in August

The 132,742 new cars and light commercial vehicles (LCV) sold in Russia in August 2017 represented a increase of 16.7% compared to the same month in 2016 according to the Association of European Business (AEB) Automobile Manufacturers Committee on September 8.
The 980,921 new cars and LCVs sold in the first eight months of 2017 represented an increase of 9.6% over the same period in 2016.
Among the four largest OEM retailers in Russia in August 2017, AvtoVAZ sales were up 25.4% to 26,211 units, Kia sales were up 28.6% to 15,050 units, Hyundai was up 13.0% to 13,446 units and Renault was up 21.7% to 11,163 units.
The 3 bestselling models sold in August were the Lada Granta, Kia Rio and Hyundai Solaris.
Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee said, “The recovery of the Russian car market keeps going strong in August. Year-to date sales after 8 months stand close to one million, still a modest figure in the historical comparison. But it’s the fact of the recovery taking place - at this robust pace and for 6 consecutive months - which is most important for the time being. General market mood is clearly on the up, and so are the expectations for the remainder of the year.The AEB will update its sales forecast for full year 2017 next month, together with September result.”

(AEB press release from September 8, 2017)