Global automakers are cashing in on the Russians

Automotive Proizvodstvo22-10-2008 Global automakers are cashing in on the Russians Worldwide demand for cars falls. And if in Europe, he simply does not show growth, the U.S. cars sold in absolute terms, less than before. The reason for that was the credit crunch, which led to a decline in personal income, udorozhil auto loans, tightened requirements for borrowers. Russia is experiencing the same effects of the crisis, but our country still remains one of the fastest growing automotive markets of the world. In January-September sales of new cars in Europe fell by 4.4%. In the U.S., falling sales for the year may reach 16%. In Russia, sales of cars are "against all odds to grow by 18%. Such data are published Association of European Businesses in Russia. This year, new car sales in Russia could reach 2.75 million units against 2.3 million last year. Two-thirds of them are foreign cars, the vice-president of the Automobile Manufacturers Committee of the Association of European Businesses in Russia (AEB), Martin Yan. Thus, he noted, the Russian market remains in the top five fastest-growing auto market in Europe. True, if not a crisis, until the results of this year would have lasted up to 3 million vehicles, says the head of the AEB. And last year showed a brilliant result - 38% growth.