Russian automobile market is Europe’s No. 4

According to the data available for the first three months of 2008, Russian automobile market failed to retain last year’s position in the European rating and is now only Europe’s fourth largest market. AUTOSTAT reports some 630,000 new cars were sold in Russia in January-March 2008, 460,000, or 73% of those being foreign cars. Chevrolet is still Russia’s best selling foreign brand that even managed to build up its share of the market up to 9.3% (58,500 automobiles). Nevertheless, Russian LADA has remained the best-selling make of a car on the domestic market, with sales coming to 145,000 cars in the three months of 2008 (even though its share of the market actually dropped down to 23%).

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