The Association for European Businesses (AEB) reported that new passenger car and light commercial vehicle sales in Russia increased 13% year-on-year in March to 252,816 units. The growth rate was more sluggish than the 25% increase in February. The Moscow-based AEB estimates a 12% increase in overall sales for 2012 to 2.8 million units, which is near the 2.9 million pre-crisis mark in 2008.
AEB Chairman David Thomas noted that the market for passenger car and light commercial vehicles in Russia continued to demonstrate sustained growth last month, but at a lower level compared to the January-February duration this year. Lada remained as the bestselling brand in Russia for the month of March with sales of 43,593 units, down 17%.
Trailing behind Lada is Nissan with sales of 17,105 units, up 66%. Hyundai comes in the third spot with sales of 16,262 vehicles, up 30%. Renault is next with sales rising by 17% to 15,524 units.
General Motors Co.'s Chevrolet is at the fifth spot with 15,425 units, up 11%. Opel of GM achieved sales of 6,923 units, an increase of 39%. Ford sold 11,479 vehicles, an increase of 8%. During the first quarter, total sales in Russia rose by 19% to 614,273 units.