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OREANDA-NEWS. Russian car market, which dropped to fifth place in the last year among the countries of Europe, by the results of January 2016 has retained its position in the European Championship.

According to data from the agency "AUTOSTAT" in the national associations of European car manufacturers, the leader in car sales in January is still Germany, where it was sold 218,365 vehicles (+ 3.3%). As it is noted in the German automotive industry association (VDA), it is the best result for January since 2008, which is giving confidence to further growth in demand in the coming months. Second place is kept by the United Kingdom with 169 678 sold vehicles (+ 2.9%). As it is noted by the British Society of Motor Manufacturers and dealers (SMMT), the local car market made a good start this year, by reaching the 11-year high at the end of last month. In third place there is Italy, whose dealers have sold 155 157 cars (+ 17.4%). As it is noted in the Italian Association of Automobile Manufacturers (ANFIA), the country's car market was able to show high growth, despite the fact that in January 2015 when the program scrappage bonuses operated it was fixed the double-digit growth in sales for the first time since March of 2010. At the same time the current level is still far from pre-crisis levels - more than 250 thousand cars in January of 2007. The fourth result was shown by France - 137 788 sold cars (+ 3.5%). If, however, during the considering of the European automotive market we take into account Russia, our country is on the fifth line of European rankings. According to preliminary estimates of "AUTOSTAT" agency, passenger car sales in the last month were about 78 million units (excluding LCV). We also add that through the action of stimulating program to subsidize the purchase of new fuel-efficient cars the Spanish car market showed an increase of 12.1% to 76,395 vehicles.