/ Industry, News, Sales Reports / Russia: July sales dip 23%

Russia: July sales dip 23%

Linked In Share
Russia: July sales dip 23%

The country’s dwindling sales plummeted last month after going down 17% in June. The deliveries slump shows the customer base goes increasingly weary of the outcome of the Ukraine crisis.

The Association of European Businesses (AEB) lobby group reported that 180,767 new cars and light commercial vehicles were sold in Russia in July, which is a decline of around 53,600 units from July 2013. Seven-month sales stood at 1.4 million units, which is a drop of 9.9% from the same period last year.

“People are afraid to buy cars because they are uncertain about the future, while banks and insurance companies raise rates to protect themselves in a crisis,” said Svetlana Vinogradova, an executive at a major Russian car dealer.

“Unfortunately, the contraction of the automotive market continues, picking up speed in July. The overall trend is worrisome and unlikely to improve fundamentally any time soon,” added Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee.

The AEB already moved to downsize its prediction for the whole year from a modest 1.6% decline to a major 12% dip to just 2.45 million vehicles. The group did forecast the autumn months could see the traditional pick-up in demand, aided by the opening at the end of the month of the Moscow Motor Show.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, August 11th, 2014 - filed under Industry, News, Sales Reports. Image credit: .
Linked In Share
Related Articles
23% drop july russia sales


Discuss: Russia: July sales dip 23%

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Schumacher making ‘progress’ at home – doctor
Schumacher making ‘progress’ at home – doctorOct.23 (GMM/Inautonews.com) Michael Schumacher has made "progress" since leaving hospital and rehabilitation and returning to ...
Caterham staff locked out of Leafield factory
Caterham staff locked out of Leafield factoryOct.23 (GMM/Inautonews.com) Caterham's crisis went from bad to worse on Thursday, as team staff found themselves locked out of ...
Ferrari 458 Italia successor going turbo
Ferrari 458 Italia successor going turboThe successor of the popular Ferrari 458 Italia will be turbocharged as a recent report is indicating. Over these past few ...
BMW M2 Coupe planned for next year
BMW M2 Coupe planned for next yearThe BMW M2 Coupe will be introduced sometimes next year as a spiritual successor of the long forgotten 1M Coupe. After telling ...
Possible Audi RS3 Sedan spied
Possible Audi RS3 Sedan spiedAn image depicting a possible Audi RS3 Sedan has ended up on the web giving shivers to the company’s fans. The German based ...
See the Ferrari LaFerrari up close
See the Ferrari LaFerrari up closeThe very first images with the impressive Ferrari LaFerrari up close have hit the web revealing the interior design of the model ...
US: Mini changes mpg ratings
US: Mini changes mpg ratingsThe British brand, owned by the world’s largest luxury automaker – BMW, is the latest in a long series of automakers that had ...
New Aston Martin Vantage spied
New Aston Martin Vantage spiedOur spy photographers have managed to capture the new Aston Martin Vantage on camera as the model was being tested out on the ...
Mercedes-Benz GLC caught on the open road
Mercedes-Benz GLC caught on the open roadThe Mercedes-Benz GLC has been recently caught on camera by our spy photographers while it was being tested out on public ...
UK: September auto production slides 3%
UK: September auto production slides 3%Last month Great Britain’s car output went down almost 3% year-over-year because factories were prepared to introduce new ...
Range Rover LWB SVR spied
Range Rover LWB SVR spiedA strange version of the Range Rover has been recently caught on camera while it was being tested out and judging by its looks we ...
Mercedes-Benz GLA 45 AMG gets updated by Brabus
Mercedes-Benz GLA 45 AMG gets updated by BrabusThe most appreciated Mercedes-Benz tuners out there, Brabus, have just worked their magic once more, this time on the GLA 45 ...
2015 Hyundai Santa Fe gets updated
2015 Hyundai Santa Fe gets updatedThe South Korean based automaker Hyundai has officially announced a series of updates for the 2015 Santa Fe Sport and for its ...
Daimler third-quarter profit soars on Mercedes-Benz sales growth
Daimler third-quarter profit soars on Mercedes-Benz sales growthDaimler AG, the parent company of the world’s third-biggest premium automaker – Mercedes-Benz – has reported rising profit ...
Australia – Nissan Juke Midnight Special Edition styling pack introduced
Australia – Nissan Juke Midnight Special Edition styling pack introducedNissan Australia has introduced the special edition styling pack for the popular Juke sub-compact model. If you have your eyes ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

ferrari laferrari xx 1
Spy-Shots of Cars
Spy-Shots of Cars
Spy-Shots of Cars
mercedes-benz gla 45 amg tuning brabus 1
2015 hyundai santa fe 1
Trion Nemesis 1
mclaren p1 gtr interior 1
Mercedes-Benz G-Class by German Special Customs 1
Scion iM Concept 1
Lotus Evora first response vehicle for Dubai paramedics 1
lamborghini reventon for sale 1

More automotive from inautonews
The successor of the popular Ferrari 458 Italia will be turbocharged as a recent report is indicating. Over these past few months, we have written about a successor of the Ferrari 458 Italia considering the fact that the supercar has been in production for 5 years and it seems that the company ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety US: NHTSA increases Takata airbags’ recall total to almost 8 million vehiclesIn just a few days, the US National Highway Traffic Safety Administration has counted a massive ... Report – Takata officials under investigation by US prosecutorsAccording to a report coming from The Wall Street Journal, the federal prosecutors have opened a ...
Safety Section