Russia’s new-car sales fell 2.2 percent in February to 119,073 as demand continued to be hit by low consumer confidence and the introduction of a tax hike last year.
The result last month contrasted with January sales, which rose 1.8 percent.
Sales at market leader Lada decreased 7 percent last month, while its closest competitor, Kia, fell 4 percent. Third-ranked Hyundai’s sales rose 1 percent, while No. 4 Renault was up 19 percent. Toyota, at No. 5, gained 17 percent, followed by Volkswagen brand, which was up 2 percent.
* Download PDF here for February and 2-month sales by brand.
Audi’s sales were up 11 percent, Mazda’s volume rose 7 percent and Lexus was up 2 percent.
AEB data for February does not include sales figures from BMW and Mercedes-Benz following their decision to change the publication of sales data to a quarterly cycle from a monthly one.