Sales of new passenger and light-commercial vehicles in Russia plunged 58% in May to 119,376 units, leaving year-to-date results down 47% to 645,162, compared with year-ago, an Association of European Businesses automotive committee reports. Despite the 161,524-unit industry sales deficit in May and massive 574,680-unit decline in the year’s first five months, the AEB believes the market’s downward spiral may be easing. “There are some signs the pace of decline in the Russian market is ...

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