Moscow car show goes upmarket as Russians get rich

Newswire

MOSCOW, Aug 26 (Reuters) - Car makers descend on Moscow this week to show off their models for the Russian public, whose soaring incomes are fast making Russia the largest car market in Europe. The Moscow International Auto Salon will see eight debuts, including new models from BMW, Audi, Lexus and Renault, with the trend moving away from budget cars toward the more expensive machines that Russians can now afford. "If a few years ago we saw the $10,000 level as the most popular, people ...

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