Russian decline slows as scrappage incentive kicks in

Light vehicle sales in Russia continued to decline in October, but at a more moderate rate than seen in the past few months. Total sales of new passenger cars and LCVs fell 9.9% last month to 211,365 units, according to figures from the AEB Automobile Manufacturers Committee (AEB AMC). This puts year-to-date figures at 1,991,312 units.