CASH-STRAPPED RUSSIANS PREFER SAVE FOR LARGER CAR LATER THAN RETURN TO BUYING SMALL CARS NOW
May 1st, 2016
Russian automotive consumers suffering in their country’s current economic recession are delaying vehicle purchases and investing in single, more expensive family cars rather than buy several small cars for individual use, experts have told wardsauto.
They are commenting on data that has confounded predictions that the country’s volatile financial situation would mean a return to purchasing cheaper and smaller car models, such as the Ladas driven during the Communist years.
Sales within the Russian auto market have plummeted - dropping 36% in 2015 ...
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