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

Dec. 1 (Bloomberg) -- 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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