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

12/06/2021 | 04:31am EDT

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)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
HYUNDAI MOTOR COMPANY 2.47% 186500 End-of-day quote.-10.77%
KIA CORPORATION 2.19% 83900 End-of-day quote.2.07%
NISSAN MOTOR CO LTD 2.88% 496.9 Delayed Quote.-13.10%
PUBLIC JOINT STOCK COMPANY "GAZ -1.71% 345.5 End-of-day quote.-24.07%
RENAULT 0.25% 24.175 Real-time Quote.-21.05%
SOLLERS PUBLIC JOINT STOCK COMPANY -0.28% 179.5 End-of-day quote.-16.51%
TOYOTA MOTOR CORPORATION 2.14% 2048 Delayed Quote.-4.77%
US DOLLAR / RUSSIAN ROUBLE (USD/RUB) -1.40% 61.25 Delayed Quote.-15.26%
VOLKSWAGEN AG 0.25% 145.68 Delayed Quote.-18.12%
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