Roadblocks Ahead for Russia’s Car Market

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July 29 (Bloomberg) –- Bloomberg’s Hans Nichols reports on the decline in sales and weaker demand in Russia for Renault and other vehicles, as the Ukraine military dispute and the falling ruble hit sales. He speaks to Caroline Hyde on Bloomberg Television’s “Countdown.” (Source: Bloomberg)

Exposed to russia.

They are not.

They have the biggest exposure through the units there.

It is down, as you said.

The numbers were down 13%. the trend line is worse and the company confirmed they can expect that.

It is not just them who has exposure.

They have the most.

Volkswagen has 12%. they have exposure and they will think of russia.

You think of the top seller and what it has done.

You take a look at the numbers and it is 17,000 to 12,000. that gives you a sense of the headwinds that the brand is facing.

We should add that it is not all bad news out of russia.

It looks like luxury is holding and you saw the first month numbers that were up.

They were basically flat.

Overall, the auto sales in russia were down.

We talked about the morning and it is important.

It is a proxy for what is to come.

You look at the sales declined and if that is what they are expecting, it has implications across sectors.

From defense to energy.

The numbers are disappointing.

They were able to overcome it elsewhere in europe.

Thank you.

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