
Russia’s car market will shrink by as much as 20 percent this year as economic growth slows, AvtoVAZ CEO Bo Andersson said today.

Russia’s car market will shrink by as much as 20 percent this year as economic growth slows, AvtoVAZ CEO Bo Andersson said today.

Russian car sales fell 8 percent in April as the weak ruble hit consumer demand, according to the Association of European Businesses (AEB) lobby group.

Sales of Russia’s best-selling Lada brand fell 25% last month.