Russian Car Market Third Largest in Europe

PHOTO by Sergey Savostyanov / TASS

Russia has regained third place in the European auto market after dropping out of the Top Five last year, according to the market research agency Autostat, which was working with data from national producers associations.

It was pointed out that sales fell due to the traditional summer decline in demand. During the examined period, Germany led the pack, selling 245,000 vehicles, while France was second with 118,000 units. 106,000 cars were sold in the Russian domestic market (not counting light commercial vehicles). Completing the list were the UK (81,000 units) and Italy (71,00).

On Sept. 1 last year it was revealed that the majority of cars sold in Russia were foreign brands which were produced in the country. 410,000 of these vehicles were purchased in January-July, or 57% of the total market: a marked change from 2010, when the figure stood at 33%.