PricewaterhouseCoopers Expects Slowdown in Car Sales in Russia

Russian sales of passenger cars might rise by 4% and amount to 2.6m cars, PwC reports.

‘We expect the sales dynamics to slow down in the future, so the total number of cars sold in Russia this year will probably not exceed 2.6m units, and if negative factors prevail, sales might drop to 2.3m,’ the agency says.

The company’s report states that last year’s sales of passenger cars reached 2.5m units. Analysts and PwC observe that the passenger cars market rose by 40% in quantitative respect in 2011, which was possible due to growing consumer confidence, the state subsidies program, and car loans becoming more affordable.

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