AvtoVAZ Car Sales Jump 45%, Buoyed by Russia's Cash-for-Clunkers Program

OAO AvtoVAZ, Russia’s largest automaker, said domestic sales rose 45.3 percent in the first 11 months from the same period last year to 467,550 vehicles as the government’s cash-for-clunkers program boosted demand.

The company’s sales “more than doubled” in November to 49,534 vehicles, AvtoVAZ said in an e-mailed statement today without giving figures for 2009.

To contact the reporter on this story: Anastasia Ustinova in St. Petersburg at austinova@bloomberg.net

To contact the editor responsible for this story: James M. Gomez in Prague jagomez@bloomberg.net

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