Jul 13th, 2008 by RJ Menezes
Russia has recently passed Germany as Europe’s biggest auto market. Auto sales in that region rose 41 percent to 1.65 million units, boosted by demand for models from U.S. and Asian manufacturers. This has been an ongoing trend that seemsĀ to only be getting stronger.
Russian car imports jumped 54 percent to 785,000 in the same period.To add to that, purchases of locally made foreign cars rose 41 percent to 290,000. Chevrolet was most popular brand, with sales reaching 103,735. In Russia, Chevy is considered a prestigious brand and owning one is a mark of achievement.
Nine out of ten overseas carmakers in Russia are U.S. or Asian. The U.S. specifically has a strong handle on the market. At this rate, it is predicted that Russia will account for 20 percent of global car sales by 2015.