New car sales in Russia sank by 83.5 percent year-on-year in May, industry data showed on Monday, as the effects of unprecedented Western sanctions hit the country’s economy and consumers.
Only 24,268 cars and light commercial vehicles were sold in Russia in May, said the Association of European Businesses in Moscow.
The collapse is sales in May came after a 78.5 percent drop in April.
Sales of the country’s most popular and affordable brand, Lada, whose AvtoVAZ manufacturer was majority-owned by the Nissan-Renault group, fell 84 percent to 6,000 units year-on-year. —AFP
