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 editor responsible for this story: James M. Gomez in Prague firstname.lastname@example.org
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.