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Russia sales increase 15% in 4th straight monthly rise

July 07, 2017 05:00 AM

New-car registrations in Russia increased 15 percent in June, the fourth consecutive month of higher sales.

Registrations rose to 141,084 vehicles, the Moscow-based Association of European Businesses in Russia (AEB) said.

The increase is a sign that the market is beginning to emerge from a four-year downturn.

Six-month sales are up 6.9 percent to 718,529.

Sales at market leader Lada rose 23 percent in June, while volume at Kia, the country's No. 2 brand, increased by 31 percent. Third-placed Hyundai jumped 22 percent. Renault, at No. 4, saw registrations rise 21 percent, while sales at fifth-ranked Toyota grew 28 percent.

Among other key automakers, Volkswagen brand sales rose 18 percent, while Ford's registrations were up 24 percent and Nissan gained 15 percent.

• Download PDF here for Russia sales by automaker, brand and model for June, 6 months.

The AEB has said it expects sales to grow by 4 percent this year as Russia rebounds from an economic crisis driven by low oil prices and Western sanctions over Moscow's actions in Ukraine.

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