Dacia’s Duster, Logan and Sandero were among the top 25 best-selling models in Russia in August, according to data released by the Association of European Businesses (AEB), while car and light commercial car deliveries climbed with 11 percent to 147,388 units, Automotive News Europe and Reuters report.
Last month, the best-selling car was Lada Vesta from AvtoVAZ (8,510 vehicles) followed by Rio, Kia (7,812 units), Lada Granta from AvtoVAZ (6,979 units), Crete from Hyundai (5,274 vehicles) and Polo, from Volkswagen (5,169 vehicles). On 9th, 15th and 16th place are Duster (3,537 units), Sandero (2,562 vehicles) and Logan (2,518 units). Duster, Logan and Sandero are manufactured by Renault on the Russian market.
“The pace of market recovery has been robust since the beginning of the year, reaching an annual growth rate of 18 percent by the end of July, and this booming trend continued in August amid ruble depreciation. The advance will continue in the coming months,” said Joerg Schreiber, president of the Association of European Businesses.
In the first eight months of 2018, 1.14 million cars and light commercial vehicles were sold in Russia, up 16.2 percent over the same period in 2017.
Between January and August 2018, Rio from Kia ranked first (67,171 units), followed by Lada Vesta (67,136 vehicles) and Lada Granta (60,250 units), both from AvtoVAZ, Solaris (44,022 units) and Crete (43,807 vehicles), both produced by Hyundai, Polo, from Volkswagen (37,753 vehicles) and eighth Duster, with 27,863 vehicles. On 12 and 13 places are Sandero (21,220 vehicles) and Logan (21,029 units).
Renault and other Avtovaz shareholders injected over one billion euros in April in Russia’s largest carmaker to strengthen the financial situation and take advantage of the recovery of the Russian car market.
The operation, which largely involved debt-to-equity swap, amounted to RUB 107 billion (EUR 1.3 billion), the state-owned Russian corporation Rostec, which is a shareholder of Avtovaz, alongside the Renault-Nissan alliance. Following the conversion, the share of the Renault-Nissan alliance in the joint venture with Rostec rose to 61.1 percent, while the joint venture’s stake in Avtovaz reached 83.5 percent.