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Car Imports to Russia Down 50 Percent

2015-04-27 23:14:35| Auto Dealers - Topix.net

Imports of new cars to Russia dropped 45.4 percent in the first quarter of this year as car sales in the weakening economy collapsed, the RBC news agency reported, citing data from car analytics agency Autostat. The Russian car market has been hit hard by the steep devaluation of the ruble, which is down 30 percent against the U.S. dollar since last April.

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