Russia: New car sales up 26 percent in November image

New cars and light commercial vehicles sales in Russia rose 26 percent in November, to 49,406 units, the Association of European Businesses said Thursday.

The first eleven months of 2011 saw sales of new cars and light commercial vehicles in Russia increase by 41% compared with the same period in 2010 or by 694,457 more sold units, according to the AEB Automobile Manufacturers Committee (AEB AMC).

Among the top ten-bestselling models of passenger cars so far, nine are made in Russia.

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

“The 26% increase for the month of November and prospects for December now indicate a full year market of 2.6m cars and light commercial vehicles, higher than our previous forecast of 2.55m. This will mean that for the full year the total industry volume will increase by nearly 37% compared to 2010. However, we do not at this stage see any cause to revise upwards our initial forecast for 2012 of 2.8m cars and light commercial vehicles though this will lead to a much lower year to year growth of less than 8% for the coming year.”

In addition the Association of European Businesses said Thursday it has increased its forecast for new car sales in Russia this year to 2.60 million units, from 2.55 million vehicles previously.

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