Auto makers hope Russian government will step in as sales slide | beyondbrics

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International auto makers looking to Russia to offset sluggish sales in Europe had better think again. Sales of new passenger cars and light commercial vehicles dropped by a precipitous 11 per cent year on year in June and are down an overall 6 per cent for the first half of 2013.

“It’s obvious that, as a whole, the Russian car market is not in the best of shape at this point,” said Joerg Schrieber, chairman of the AEB’s Automobile Manufacturers Committee, in a statement. “The question is now whether the market can do better in the second half of the year.”

Some 241,346 new cars and light commercial vehicles were sold in Russia in June 2013, or 31,254 less than in the same month of 2013, the Association for European Businesses said on Monday."

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