August revenue of new vehicles and light-weight commercial cars in Russia decreased by .5% in comparison to 2019 or by 722 offered models and amounted to 137,517 vehicles in accordance to the AEB Automobile Makers Committee (AEB AMC).

“Right after unstable industry developments given that the beginning of the 12 months, the indicators of restoration throughout final month look to be in excess of already with flat new automobile revenue in August of -.5% compared to past 12 months,” claimed AEB AMC chairman, Thomas Staertzel.

“Usually, this summer season month is not a incredibly energetic 1, but [a] even more weakening Ruble could have stimulated a continuation of growth. Yet, the minimize of sixteen.9% YoY August is even now improved than AEB 2020 forecast of -23.9%.

“With the State help steps, September will present a much more very clear sign on the circumstance of the Russian automotive industry and its improvement toward the 12 months-close.”

Exhibit the press launch

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