24 April 201416:13
Russian car dealers to go bust due to drop in sales
April 24, 2014. Russian car dealers are going to go bust, while the home market on the whole is going to consolidate due to a drop in sales, RBC refers to Avtostat's research findings as claiming. Last year's decrease in sales resulted in 502 companies losing their franchises or giving up on their dealer status, yet 508 new dealers emerged at the same time, the research states. According to the data published by the European Business Association in early April, some 602,500 automobiles were sold in Russia in the first quarter of 2014, which was 2% less than in the first quarter of