Russian car sales up 4 pct in 2012 – forecast image

Russian car sales grew 10 percent year-on-year in June, the Association of European Businesses (AEB) said on Monday.

According to the figures released by the Moscow-based Association for European Businesses (AEB), the 272,125 cars sold in June are the best monthly figures since July 2008.

PricewaterhouseCoopers said on Wednesday that new car sales in Russia will likely rise 4 percent to around 2.6 million this year.

Stanley Root, a partner and automotive industry leader at PwC in Russia, told a briefing that although car sales may slow in the second half due to the euro zone debt crisis, he stood by his full-year forecast.

On the same time, the AEB expects 2.85 million cars to be sold in Russia during 2012, around 7.5 percent up on the previous year close to pre-crisis levels.

It said it would maintain its forecast despite the record June figures, fearing a continued slowdown in the pace of growth amid uncertain economic conditions.