70009
Russia New Car Registrations Up 19%
Russia New Car Registrations Up 19%

Russia New Car Registrations Up 19%

Russia New Car Registrations Up 19%

New-car registrations in Russia increased 19% in July, the fifth consecutive month of higher sales as the market emerges from a four-year slump. Registrations rose to 129,685, the Association of European Businesses (AEB) said on Tuesday. Meanwhile, seven-month sales are up 8.5% to 848,214. The trend is feeding optimism that 2017 will be a turnaround year, said Joerg Schreiber, chairman of the AEB Automobile Manufacturers Committee. “It appears that, finally, the middle-class buyer has woken up, encouraged by a brighter outlook for the economy and embracing the package of purchase incentives put together by the government,” Schreiber said in a statement. Sales at market leader Lada rose 22% in July, while volume at Kia, the country’s No. 2 brand, increased by 37%. Third-placed Hyundai gained 11%. Renault, at No. 4, saw registrations rise 20%, while sales at fifth-ranked Toyota grew 12%. Among other automakers, Volkswagen brand sales rose 24%, while Ford’s registrations were up 24% and Nissan gained 20%.

 

Short URL : https://goo.gl/up9Amo
  1. https://goo.gl/oJJciZ
  • https://goo.gl/C4vthj
  • https://goo.gl/iyJERy
  • https://goo.gl/azGfM8
  • https://goo.gl/c2gEi1

You can also read ...

WTO Accession No More a Priority for Iran
Joining World Trade Organization is no longer a priority for...
Rouhani Sends Banking Reform Bills to Parliament
Following an approval by the Cabinet and a presidential...
One factor causing a drop in Chinese steel in Iran is their rising prices.
Chinese steel was everywhere in the world for the good part of...
Bill on Construction Quality Inevitable
In order to curb the construction of substandard buildings,...
The price of foreign cars is likely to jump again with new import guidelines.
Ministry of Industries, Mining and Trade has stopped issuing...
TSE’s Average P/E at 5.6
The average price to earnings ratio of Tehran Stock Exchange-...
Peugeot’s 301 model is on sale in Turkey for more than three years.
Iran Khodro dealers confirm that the new Peugeot 301 sedan is...
IKCO Launches Taxi Made in China
Iran Khodro has unveiled the DongFeng S30 as part of a push to...

Add new comment

Read our comment policy before posting your viewpoints

Image CAPTCHA
Enter the characters shown in the image.

Trending

Googleplus