Sales in Russia in March increased slightly thanks to government subsidies

Car sales in Russia last month increased by 1.8 percent, reaching 160,180 cars, helped by government subsidies on the budget, the Association of European businesses (Association of European Businesses, AEB).

This result followed a 3.6 percent February decline of the car market. In General, government subsidy to offset the January decline in demand caused by the tax increase.

“Consumer demand is still lagging behind last year’s trend. Government subsidies to budget cars with effect from March clearly helped to improve the General situation on the market this month,” said Chairman of the AEB Joerg Schreiber.

Market leader Lada increased its sales this month by 10 percent, while its closest rival, the Kia increased its volume 2 percent. Located on the third place the Hyundai lost 2 per cent and No. 4 Renault has reduced car sales by 7 percent. Located on the fifth place Toyota was able to increase sales by 3 percent.

Among other automakers have improved their sales Nissan (+27%), BMW (+20 percent), Skoda (+7 percent) and Mercedes-Benz (+3 percent).

The decline is recorded Ford – 32%, Mitsubishi 6% and VW has lost 1 percent.

Overall, sales in Russia for the first quarter decreased by 0.3 percent 391,650 machines.

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