RusAutoNews.Com – Russian car market (new car and LCV sales) increased by 18% or by 22.524 units in May 2018 in comparison with the same period of the previous year, and amounted to 147.525 vehicles, announced by the AEB Automobile Manufacturers Committee (AEB AMC).
Within the January – May period of this year 692.870 cars were sold in total.
Joerg Schreiber, Chairman of the AEB AMC commented: “ Russian car market sales continue to recover at a robust pace in May, improving 18% vs. the same month last year. Cumulative volume gain in the first five months of the current year stands at 20% – a significant step ahead from the growth rate of 5% seen in 2017. This encouraging trend reflects the positive dynamics in the retail sector of the economy in general, accompanied by a steady improvement in consumer confidence. Vehicles sales in particular have been profiting in recent weeks from a weaker currency, prompting some customers to buy earlier rather than later. It remains to be seen whether, and to which extent, this factor will have an adverse effect on the future pace of retail sales.”
LADA is the most populer brand of the Russian car market in May 2018 with 28.654 units sold. KIA Rio is the best-selling model in May with 8857 units.