Russians spend 24% less money on new cars

1 February 2016 (09:29)

February 1, 2016. Russians spent 1.78 trillion RUR on new cars last year, which was 23.7%, or 553bn RUR less than in the year 2014, Avtostat reports.

The market sagged by a total of 36.2%, or 846 units in quantitative terms.

Some 200bn RUR were used to buy Toyotas (down 21.3% on one year previously), nearly 190bn RUR were spent on the German brand Mercedes-Benz (up 8.7%), and 130bn RUR were spent on Hyundai and Kia each (down 4.3% and 16.3%, respectively).

Lada only came fifth in the rating, with 126.1bn RUR spent on the new cars (down 20.1% on the year 2014). Head of Avtostat Azat Timerkhanov says that even though Lada remains the Russian market leader, its overall revenues are below those of other car makers because its automobiles come cheaper.

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