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Russians Buying Fewer Cars
13.12.2012 17:23

For the time in two years, the Russian car market is cooling down as dealerships post zero or negative growth reports due to slackening demand.

      A total of 240,322 cars were sold in Russia in November 2012, an increase of just 930 cars over November last year, according to the carmakers' committee of the Association of the European Business.

      As the demand weakened, brands like Kia, Toyota and Ford sold as many cars as last November while Nissan and Hyundai saw a decline.

      Industry analysts predict car sales figures could remain flat until 2015.

Author: Mikhail Vesely

Tags: Russian car market Association of the European Business    

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