Russian car market in January fell by almost a quarter

Sales of new cars and light commercial vehicles in Russia in January 2015 decreased by 24.4% to 115,390 vehicles, said the Committee of Automakers Association of European Businesses (AEB). 

In December new vehicle sales rose by 2.4%, it was due to the sharp depreciation of the ruble and the expected appreciation of cars. Part of the December contracting counted as sales in January, without this factor the actual decline in sales is up to 50%, according to "Vedomosti" top manager of one of the dealer holdings.