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11 Feb
00:00

Higher manufacturers' prices hit Russian car sales, and things will only get worse

In January, Russia sold 24% fewer new cars and light commercial vehicles than in the same month a year ago, indicating the extent to which individual purchasing power and consumer confidence has slid in the country’s present economic difficulties. The drop of 37,272 sold units meant the total sold last month amounted to 115,390 cars, according to the AEB automobile manufacturers committee (AEB AMC). Price increases appear to be a main factor, Kallanish unders…
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