MOSCOW -- Sales of new cars and light commercial vehicles in Russia rose 14 percent in April, the Moscow-based Association for European Businesses (AEB) said.
The rise in demand to 266,267 vehicles was slightly more than the 13 percent growth rate seen in March.
The AEB raised its forecast for annual vehicle sales by 50,000 units to 2.85 million.
"The solid growth of the Russian automotive market continues into the second quarter," David Thomas, head of the AEB's autos committee, said in a statement on Saturday.
"Although the pace of the year-on-year-growth is stabilizing to less than 15 percent in recent months, we still feel that the AEB full-year forecast for passenger cars and light commercial vehicles should be increased," he added.
Lada continued to be Russia's top-selling brand last month with sales of 50,102, but volume fell 11 percent. Sales of No. 2 Renault rose 24 percent to 17,914, ahead of Kia at No. 3, which sold 17,305 cars, up 23 percent.
General Motors Co.'s Chevrolet increased sales 10 percent to 17,180 to secure fourth place, ahead of Hyundai at No. 5 with 15,734, a rise of 6 percent.
Ford was among the automakers that increased sales the most last month, with sales up 26 percent to 12,421, along with Volkswagen. whose sales rose 82 percent to 14,768.
GM's Opel brand also performed strongly with sales of 7,169, a rise of 23 percent.
AEB said 880,540 units were sold in the first four months of 2012, up 18 percent year-on-year.
Source: Reuters and Automotive News Europe
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