Russia Car Sales May Advance 18% This Year on Economy, Rebates
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Russian sales of new cars and light trucks may rise about 18 percent this year as the economy recovers and the government encourages customers with a “cash-for-clunkers” program.
Sales may advance to 2.24 million vehicles this year, after gaining 30 percent last year to 1.9 million, David Thomas, chairman of the Association of European Businesses’ automobile manufacturers’ committee, told reporters today in Moscow.