Russia – September car sales up 26 percent [table] image

Russian sales of new passenger vehicles and light commercial vehicles rose 26 percent in the month of September, the Association of European Businesses in Moscow said this morning.

Among the top ten-bestselling models of passenger cars nine are produced in Russia.

Moreover, the first three quarters of 2011 saw sales of new cars and light commercial vehicles in Russia increase by 45% compared with the same period in 2010 or by 593,345 more sold units, according to the AEB Automobile Manufacturers Committee (AEB AMC).

David Thomas, Chairman of the AEB Automobile Manufacturers Committee commented:

“The 26% increase for the month of September is in line with our recent expectations of a slowing but still strong growth for the remainder of 2011. The full year forecast of 2.45m cars and light commercial vehicles looks very achievable and the market prospects for the final quarter remain very positive with much improved credit availability and robust consumer confidence. Now that we have three quarters of data we will be able to include our forecast for 2012 in the next press release.”

September 2011 was the most profitable month for the Volkswagen Group in Russia as it sold 11,987 cars, a 96 percent growth year-on-year.

AvtoVAZ/Renault-Nissan, which led the country’s light vehicle market by way of sales volume in September, accounted for sales of 76,121 vehicles, 11% more than the 68,319 units reported a year earlier.

NEW CAR AND LCV* SALES IN RUSSIA BY BRANDS IN SEPTEMBER 2011

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