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Russia’s new car sales up 20% in January

February 08, 2012 - 15:39 GMT Location: Moscow

KEYWORDS: Russia , steel , automobile industry , Ford , Volkswagen , General Motors , Renault

Russia’s sales of new passenger cars and light commercial vehicles in January were up by 20% year-on-year, the Assn of European Businesses (AEB) said on Wednesday February 8.

Russian steelmakers expect the construction of new automobile- and component-producing plants by international carmakers, lured by strong growth prospects, to be one of the key drivers of domestic steel demand in the next few years. Russia’s new-car sales grew by 26,149 units to 154,406 vehicles in January, the AEB said. The chairman of the group’s Automobile Manufacturers Committee, David Thomas, described the January sales a “an encouraging start” but added that it will be no earlier than...

All material subject to strictly enforced copyright laws. © Euromoney Institutional Investor PLC.

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Carbon Steel Long Products

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