New car sales in Russia fell 4% to 231,982 in November 2013

Article by Anita Panait, on December 12, 2013

New car sales in Russia dropped for the ninth month in a row in November with a 4 percent dip to 231,982, according to the Moscow-based Association of European Businesses. The drop is attributed to the situation wherein consumers have refrained from making big purchases due to Russia’s weak economy.

"No question, the total industry is still declining, albeit at a slower pace," Joerg Schreiber, chairman of the AEB, said in the statement. According to Schreiber, a flattening of year-on-year sales numbers had yet to happen. He said that they hope that the figures will show progress in December, giving 2013 a “decent close.” Last week, Schreiber forecast that Russian car sales may drop 6 percent for the year, but will likely stabilize in 2014.

The AEB will publish its official forecast for 2014 in January. Lada saw its sales drop 19 percent to 36,509 units, but it remained the best-selling brand in the market in November.  Despite the fall, foreign carmakers continue their influx into the Russian market that is expected to overtake Germany to become the biggest in Europe.

French carmaker Renault and Japanese ally Nissan is seeking to take control of Lada's parent AvtoVAZ. The carmakers are also seeing increasing sales in Russia, with Renault surging 3 percent in November to 17,721 units, good for second place. Deliveries of Renault’s Duster compact SUV rose 12 percent in November, for the third place. At fourth and fifth are Kia and Hyundai, posting growth of 16 percent and 6 percent respectively to 17,399 and 15,539 units.

Topics: russia, sales

If you liked the article, share on:

Pin It

Comments

Recommended

Has Toyota started the production of a new electric supercharger? Well, a patent that was recently published indicated that they might have. And this electric supercharger looks more durable and...
by - March 27, 2017
The Tesla Model S has finally arrived in South Korean soil and is now available for test drive. But, there’s a catch. You’ll have to wait several months if you...
by - March 27, 2017
Sorry to say this to the Sport Quattro Concept fanatics. If you guys have been hoping for the production of this iconic concept to begin, prepare for your dreams to...
by - March 27, 2017
South Korean car company SsangYong recently revealed sketches of their upcoming SUV. We’re not always impressed by Korean car designs, but this one looks quite promising. Yup, it is the...
by - March 26, 2017
Twenty-eight years after the company was first launched by Toyota, which was initially targeted to the United States market only, Lexus has already made its way to over 70 countries....
by - March 26, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries