Russian new-vehicle sales climbed 20% in April to 163,299, representing the first-year-on-year increase since October 2008. The revival contributed to 4-month sales of 456,179 units, down 13% from 526,094 in like-2009, the Association of European Businesses reports. “(April) was also the first full month of operation of the (government’s vehicle) scrappage scheme and gives a strong indication of the impact this program is having, particularly at the low-cost end of the market,” AEB ...
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