Russian new-vehicle sales dropped 8% to 226,526 units in April, dragging the year-to-date result down 4% to 829,046. Releasing the figures, Joerg Schreiber, chairman of the Association of European Businesses’ Automobile Manufacturers Committee, says the market is falling back into negative territory after a brief spell of recovery. “It is obvious that recent price increases forced by a weaker ruble are taking their toll on consumer demand, which had been fragile to ...
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