AEB Sees Slowdown In Russia New Car Sales Growth
November 09 2011 - 8:43AM
Dow Jones News
The Association of European Businesses said Wednesday it expects
growth in Russian new car sales to slow down dramatically next
year.
AEB said it expects sales in 2012 to rise 12% to 2.8 million
units.
Its 2011 AEB sales forecast, which it revised up slightly
Wednesday, now stands at 2.55 million vehicles, up 34% from
2010.
New car sales in Russia rose 27% on year in October, AEB said.
Sales totaled 240,865 vehicles, 51,349 more than a year
earlier.
-By Nadia Popova, Dow Jones Newswires; +7 495 232-9198;
nadia.popova@dowjones.com