Russia new vehicle sales up 10 percent in September image

Sales of cars and light commercial vehicles in Russia rose 10 percent year-on-year in September to 259,582 units, the Association of European Businesses said in a statement.

However, there are signs that one of the biggest car markets in Europe is starting to slowdown, the association added.

“The hot phase of fast year-on-year growth in Russia is over, for now. On the backdrop of the situation in the rest of Europe however, a 10 percent increase in sales is a very respectable result,” Joerg Schreiber, chairman of the AEB, said in the statement.

In August, deliveries rose 15 percent in Russia, while they were up 14 percent in July, compared with 2011 figures. However, this slowdown does not affect premium automakers, which continued to make gains in the Russian market. Sales of BMW vehicles rose 51 percent last month, while Audi sales increased 57 percent and Mercedes-Benz deliveries rose by 18 percent.

In Russia’s top 10 sellers, AvtoVAZ’s Lada remains the country’s top-selling brand followed by Chevrolet, which increased sales 21 percent. Kia replaced Renault as No. 3 with sales growth of 38 percent. Despite a sales increase of 16 percent, Renault fell into sixth place behind No. 4 Hyundai, whose sales fell 1 percent, and fifth-placed Volkswagen, which increased sales by 17 percent.

In the first nine months of the year, Russia sales rose 14 percent to 2.18 million, making the country the second-largest European market behind Germany, where 2.36 million vehicles were sold through September.