14% rise of Russian car sales this July – AEB image

The sales of Russian cars have risen by 14 percent in July as said by Association of European Businesses (AEB) on Wednesday. Previous month witnessed 10 percent of rise.

Association of European Businesses announced that total 255,560 units have been sold in July and the first seven months of 2012 sold 1.67 million, which is an up of 14 percent year-on-year. AEB expects that the Russian market will make a purchase of total 2.85 million cars in 2012. However, last year’s report states 7.5 percent of rise in sales. Several leaving carmakers including General Motors, Renault, Fiat, and Ford are making heavy investments in Russia to take full advantage of the auto market as Germany seems to turn out as the biggest market in Europe soon this decade.

A year earlier on July, 27 percent of sales rise was witnessed in Russia for new and light commercial vehicles. The chairman of the AEB’s automakers committee David Thomas said “The expected pattern of strong but slowing growth continues into the second half”. As per their expectations, Russia will grow as the largest automobile market in Europe by the end of this decade where around 4 million vehicles are expected to be shipped in each year.