OREANDA-NEWS. Sales of passenger cars and light commercial vehicles grew by 16.7 % in Russia in August to 132,742 cars. According to the results of eight months of 2017, the Russian car market grew by 9.6% to 980,921 cars, according to the data of the Association of European Businesses.

As noted in the AEB, in August the recovery of the Russian market continued at high rates. Total sales since the beginning of this year approached one million, which is still quite modest in a historical comparison. But the fact that the recovery is taking place is a confident step and for six consecutive months it is now the most important. In general, the mood is clearly upbeat in the market, the same expectations for the rest of the year. AEB will update the forecast for 2017 in the next month, when the September results will be available. Recall, according to the current forecast of the association, in 2017, the Russian car market may grow by 4% to 1.48 million cars, thus interrupting the 4-year period of the fall.