Russian Car Market in November Becomes Second Largest in Europe
OREANDA-NEWS. Automotive market in Russia, which in November almost reached the last year's level, at the end of last month it kept the second place in the "European championship."
According to data received by the agency "AUTOSTAT" at National Association of Automobile Manufacturers of Europe, the leader by sales of vehicles in November is still Germany, where it was sold 250,082 cars (-1.8%). According to the Association of the German Automotive Industry (VDA), against the background of a slight reduction in sales, orders for new vehicles in the last month rose by 5%, which gives us confidence in a positive result for the year. If we take into account Russia during the consideration of the European market, our country remains in the second place "of the European Championship." According to preliminary estimates of the agency "AUTOSTAT", sales of passenger cars in the last month were more than 215 million units (excluding LCV). United Kingdom is in the third place, whose car market grew by 8% to 172,327 vehicles. According to the British Society of Motor Manufacturers and dealers (SMMT), car sales in the country continue to exceed expectations against the rising consumer confidence, due to which a positive trend is kept for 33 consecutive months. Meanwhile, the next year there will be a stabilization of the British car market. Then France follows, where it was sold 135,070 vehicles (-2.3%). Italy continues to closes the "top-five" leaders with an index of 107 965 sold cars (+ 4.9%). According to the Italian Association of Automobile Manufacturers (ANFIA), a restoration car market of the country, which is observed in recent months, is due to a decline in fuel prices. However, in quantitative terms, car sales in Italy remained at the level of 35 years ago. We also add that due to incentive programs to subsidize the purchase of new fuel-efficient cars Spanish car market continues to show the growth for the second consecutive year - in November by 17.4% to 65,122 vehicles.
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