MOSCOW: Car sales in Russia plunged 20.1 percent in September as the economic toll from the Ukraine crisis roiled the economy.
Sales slumped by 20.1 percent compared to the figure for the same month last year to 197,233 on the back of a fall of over 25 percent in August, the Association of European Businesses said.
Sales are down by 13 percent, or more than 260,000 vehicles, for the period of January-September in comparison to 2013. While the figure for September showed a slight uptick from August due in part to the end of the summer holiday season the overall trend looked grim for the sector, the group’s Automobile Manufacturers Committee said. AFP
