Translation. Region: Russian Federation –
Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
St. Petersburg, November 25 /Xinhua/ — The decline in the Russian auto market has slowed, with new car sales in the country reaching 183,000 units in October, up 34 percent from September. This was reported by RIA Novosti on Tuesday, citing Deputy Minister of Industry and Trade Albert Karimov at a roundtable discussion in the Federation Council.
He reported that almost 1.2 million new cars across all segments were sold on the Russian market between January and October, a 22 percent decrease compared to the first ten months of last year. New car sales in Russia this year are projected to be approximately 1.5 million units.
According to A. Karimov, Russia will allocate approximately 20 billion rubles for subsidized auto loans and 30 billion rubles for subsidized leasing next year. A total of over 164 billion rubles are planned for measures to stimulate demand in the automotive market over the next three years.
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