Russia: record new car sales in August image

Sales of new cars and light commercial vehicles in Russia rose 15 percent in August to 258,761 units, a record result for the month, according to the Association of European Businesses.

July was also a record month for vehicle sales in Russia, with deliveries increasing 14 percent compared with the same month in 2011.

In the first eight months of the year, sales rose 14 percent to 1.92 million units in Russia, making it Europe’s second-largest market after Germany, where 2.1 million cars were sold from January through August (according to data compiled by the German Association of Motor Vehicle Importers VDIK).

In fact, car sales are going so well in Russia that analysts expect the country to pass Germany as Europe’s No. 1 market during this decade. The Association of European Businesses forecasts that 2.85 million vehicles will be sold in Russia this year, accounting for an increase of about 8 percent compared to 2011.

AvtoVAZ brand Lada remained Russia’s top-selling marque in August, with sales growing by 208 units over August 2011. Chevrolet was no. 2, with sales increasing 39 percent in August, while Renault was third, with an increase of 4 percent. Chinese carmakers recorded strong growth, with Geely sales climbing 334 percent, Chery 247 percent and Great Wall 158 percent.