Russian Car Sales Slump 42% to ‘New Low Point’ in April on Year
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Russian car sales continued to plunge in April from a year earlier as automakers look to government programs and a stronger ruble to support the market.
Sales of new cars and light commercial vehicles shrank 42 percent to 132,456 units in April from a year earlier, the Association of European Businesses in Russia said Wednesday in a statement. That’s worse than the median 40 percent drop forecast by five economists surveyed by Bloomberg and follows a 43 percent slump in March.