In August 2018, sales of new cars and light commercial vehicles in Russia increased by 11,0% compared with August 2017 or by 14 644 sold units, and amounted to 147 388 cars, according to the AEB Automobile Manufacturers Committee (AEB AMC).
This year in January—August 1 140 061 cars were sold.
Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee commented:
“The pace of market recovery has been robust from the start of this year, with year-on-year growth reaching 18% by the end of July. In August the healthy trend continued, supported by a spike in spontaneous customer purchases on the background of the recent weakening of the Ruble exchange rate.
The growth story is likely to continue in the coming months, as the planned VAT increase from January 2019 should make sure retail demand remains strong – in any case before the end of the current year.”
