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Russia August gross sales dip 0.5% | Automotive Business Information
August gross sales of recent automobiles and lightweight industrial automobiles in Russia decreased by 0.5% in comparison with 2019 or by 722 offered items and amounted to 137,517 automobiles in line with the AEB Car Producers Committee (AEB AMC).
“After risky market developments for the reason that starting of the 12 months, the indicators of restoration throughout final month appear to be over already with flat new car gross sales in August of -0.5% versus earlier 12 months,” mentioned AEB AMC chairman, Thomas Staertzel.
“Historically, this summer season month isn’t a really lively one, however [a] additional weakening Ruble may have stimulated a continuation of progress. However, the lower of 16.9% YoY August continues to be higher than AEB 2020 forecast of -23.9%.
“With the State help measures, September will present a extra clear indication on the scenario of the Russian automotive market and its growth in direction of the year-end.”
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Authentic supply: https://aebrus.ru/add/iblock/fbd/ENG-Automotive-Gross sales-in-August-2020.pdf