The Association for European Businesses (AEB) said that in Russia, 266,267 new cars and light commercial vehicles were sold in April. This stands for a 14% increase year-on-year for the month of April. This is slightly higher than the 13% growth rate in March. The rising demand also permitted the association to raise its forecast for yearly vehicle sales by 50,000 units to 2.85 million.
In a statement last Saturday, David Thomas, head of the AEB's autos committee, said that the solid growth of the Russian automotive market persists until the second quarter. He said that even if the rate of the year-on-year-growth stabilizes to lower than 15% in recent months, the company thinks that the AEB full-year forecast for passenger cars and light commercial vehicles must be raised by 50,000 units to 2.85 million.
Lada sold 50,102 units last month, making it the top-selling brand in Russia. However, its volume declined by 11%. Renault is at No.2 with a 24% increase to 17,914, ahead of Kia’s third place with a 23% increase to 17,305 cars. A 10% increase was reported by General Motors Co.'s Chevrolet brand to 17,180 units to get fourth place, getting ahead of Hyundai at No. 5 with 15,734 units, a 6% hike.
Ford was one of the automakers that increased sales the most last April, increasing volume by 26% to 12,421 units, together with Volkswagen that boosted sales by 82% to 14,768. The Opel brand of GM also had a strong performance with a 23% increase in sales to 7,169 units. Ford sales increased by 8% to 11,479 units. According to AEB, 880,540 units were sold in the first four months of 2012, a hike of 18% year-on-year.