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Sales of cars, LCVs in Russia down 34.5% in January-November — AEB

Lada was the bestselling brand in Russia in November (-29% to 21,580 cars), followed by Hyundai (-7% to 15,100 cars), Kia (-32% to 14,125 cars), Renault (-46% to 10,334 cars), and Toyota (7,572 cars)

© Gennadiy Khamelyanin/ITAR-TASS

MOSCOW, November 10. /TASS/. Sales of new passenger cars and light commercial vehicles (LCVs) decreased by 34.5% year-on-year in Russia in January-November to 1.45 mln units, the Association of European Businesses Automobile Manufacturers Committee (AEB AMC) reported Tuesday.

""One year ago, the ruble was plummeting and customers were storming dealer showrooms to put their money to use before car prices caught up with the new exchange rate reality. None of this happened in November this year, which explains the relative

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deterioration in year-on-year performance of the market," Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee said as quoted by the statement.

"The year is not over yet, however expectations regarding December are rather modest, especially in comparison with the record sales achieved last year at the peak of a short-lived sales boom," he added.

Lada was the bestselling brand in Russia in November (-29% to 21,580 cars), followed by Hyundai (-7% to 15,100 cars), Kia (-32% to 14,125 cars), Renault (-46% to 10,334 cars), and Toyota (-53% to 7,572 cars).

In November, Hyundai Solaris ranked 1st among the bestselling models (-13.1% to 11,462 cars), Lada Granta ranked second (-14.45% to 10,520 cars). They are followed by Kia New Rio (-24% to 8,253 cars), Volkswagen Polo (+15.5% to 4,732) and Renault Duster (-38.5% to 4,312 (cars).

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