Russian car market has increased by 8% in October 201

As announced by the AEB Automobile Manufacturers Committee, Russian car market has increased by 8.2% or by 12,097 units year-on-year in October 2018 and amounted to 160,425 vehicles.

Within the January – October period of this year 1,457,857 cars were sold in total.

Joerg Schreiber, Chairman of the committee commented: “Moving into the final quarter of the year, Russian car sales continue to demonstrate robust momentum. This is a pleasant fact, but not a surprise considering the tailwind the whole retail sector is receiving during the countdown for a change in VAT taxation. While for now the market is doing fine, there is a growing concern among its participants about the continuity of retail demand from January, 2019”.

Lada is the most populer brand of the Russian car market in October 2018 with 32,005 units sold.

Top 10 best-selling brands:

1-Lada. 2-Kia. 3-Hyundai. 4-Renault. 5-Volkswagen. 6-Toyota. 7-Skoda. 8-Nissan. 9-Gaz LCV. 10-Ford.

Top 10 best-selling models:

1-Lada Vesta. 2-Lada Granta. 3-Kia Rio. 4-Hyundai Creta. 5-Hyundai Solaris. 6-Volkswagen Polo. 7-Renault Duster. 8-Lada Largus. 9-Volkswagen Tiguan. 10-Toyota Camry.

All 10 models are manufactured in Russia.

Source: RusAutoNews.Com