Russian Sept foreign car sales growth slows

Wed Oct 8, 2008 11:12am EDT
 
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 MOSCOW, Oct 8 (Reuters) - The growth of foreign car sales in
Russia slowed in September to its weakest annual pace in at
least 20 months, as the global financial crisis led to a
decrease in consumer demand for cars, data showed on Wednesday.
 Sales of foreign car brands grew 22 percent last month,
year-on-year, to 179,423 units, data from the Association of
European Businesses in the Russian Federation (AEB) showed.
That was the slowest rate since January 2007 -- the earliest
monthly data available on AEB's website. For comparison, foreign
car sales in Russia grew 50 percent in September last year.
 In the first nine months of the year, sales growth slowed to
40 percent from 63 percent in the same period of 2007.
 Following are September sales for the top 10 foreign car
brands in Russia compared with the same period of 2007, as well
as total figures for foreign car sales. The figures include
foreign-branded vehicles produced in Russia:
 
 BRAND              Sept 08 Sept 07  pct   ytd '08   ytd '07 pct
 Toyota (7203.T)     18,233  10,981   66   145,388   110,484  32
 Chevrolet* (GM.N)   16,353  16,689   -2   175,798   131,653  34
 Hyundai (005380.KS) 16,110  15,208    6   159,392    95,685  67
 Nissan (7201.T)     14,372   9,395   53   118,800    81,832  45
 Ford (F.N)          12,600  14,555  -13   141,414   120,413  17
 Mitsubishi (7211.T) 10,085  13,362  -25    89,462    69,917  28
 Honda (7267.T)       9,946   4,072  144    60,440    23,842 154
 Daewoo (GM.N)        8,795   7,644   15    80,069    66,941  20
 Renault (RENA.PA)    8,400   8,763   -4    83,940    71,351  18
 Opel (GM.N)          7,758   5,207   49    78,051    45,027  73
 ---------------------------------------------------------------
 Total              179,423 147,286   22 1,611,840 1,152,448  40
 ---------------------------------------------------------------
  * Chevrolet sales include GM-Avtovaz joint venture.
 NOTE - To see a full list of foreign car sales in Russia,
click here
  - Source: AEB Automobile Manufacturers Committee.
 (Writing by Olga Borodina; Editing by Quentin Bryar)

 
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