April 6 (Reuters) – Sales of new cars in Russia fell 10.6% year on year in March to 48,414 vehicles, the Association of European Businesses (AEB) said on Thursday.
First-quarter sales were down 44.7% as the industry continues to reel from the fallout of Western sanctions imposed on Russia over its military campaign in Ukraine, the AEB said.
The industry has been among those hit most heavily by Western sanctions over the past year.
Sales of new cars collapsed by 59% in 2022 as…
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