Russia's car sales to gain up to 37% by 2008-PwC

Newswire

MOSCOW, June 30 (Reuters) - New car sales in Russia are expected to rise to between 1.9 million and 2.2 million vehicles by 2008 from nearly 1.6 million in 2004, or as much as 37.5 percent, PriceWaterhouseCoopers forecast in a report. The government, meanwhile, is hoping to raise the market share of locally assembled cars to around 75 percent as major U.S., European and Asian auto producers establish or expand existing manufacturing plants in Russia, said the report, made available to ...

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