Russia's November car sales down 20.4% y/y

MOSCOW, Dec 6 (Reuters) - Sales of new cars in Russia fell for the fifth consecutive month in November, down 20.4% year on year to 125,466 units after a 18.1% drop in the previous month, the Association of European Businesses (AEB) said on Monday.

Despite the falls, sales for the first 11 months of the year were up 6.9% to 1,439,045, AEB said.

"Usually, December is a good month for car sales, but this year is different and it also seems that this trend will continue during the next year with even worse figures in the coming months," Thomas Staertzel, Chairman of the AEB Automobile Manufacturers Committee, said in a statement.

(Reporting by Anastasia Teterevleva; Writing by Alexander Marrow)