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RUSSIA -
Lada - Renewed misfire |
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At a time when the underlying
health of West Europe’s car market
has taken a distinct turn for the
worse, Russia’s underlying car sales
growth remains robust and slowing only gently. Sales of new cars rose 21.6 per cent in both February and the year to date, reassuring Russia’s carmakers, importers and traders that the unwavering recovery seen here since the dark days of 2009 remains alive and kicking. Starting the year on an upbeat note, with January and February sales rising in turn by just over 20 per cent, signs are that Russia’s car market remains on track for yet another year of recovery growth. Despite a slight slowing in the rate of advance, when judged purely from yet another 20 per cent plus sales gain this February, market watchers remain convinced that 2012 will likely turn into the third successive year of strong recovery growth  Hyundai’s new and locally assembled Solaris gets off to blistering start
DATA TABLES
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