Russian car sales increase 17.3% in October

The 148,597 new cars and light commercial vehicles (LCV) sold in Russia in October 2017 represented a increase of 17.3% compared to the same month in 2016 according to the Association of European Business (AEB) Automobile Manufacturers Committee on November 9.
The 1,277,938 new cars and LCVs sold in the first ten months of 2017 represented an increase of 11.3% over the same period in 2016.
Among the four largest OEM retailers in Russia in October 2017, AvtoVAZ sales were up 22.9% to 28,638 units, Kia sales were up 15.9% to 17,407 units, Hyundai was up 10.7% to 15,712 units and Renault was up 18.4% to 13,036 units.
The 3 bestselling models sold in October were the Kia Rio, Lada Granta and Lada Vesta.
Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee said, “The recovery of the Russian car market continues with October sales exceeding last year’s result by a robust 17%. This is now the 8th consecutive month of year-on-year improvement, the longest period of uninterrupted growth the market of passenger cars and light commercial vehicles has experienced since 2012. Of course the size of today’s market is still a far cry from the record sales achieved in that year. But it is encouraging to see that, at the current pace of recovery, total sales in 2017 have a good chance to restore the market to the level it had in 2015.”
(AEB press release from November 9, 2017)