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Russia's Auto Market Driving in Reverse

2015-08-29 11:40:57| Auto Dealers - Topix.net

At the opening of the International Moscow Automotive Forum this week, a Russian business association representative spoke openly about the crisis facing industry leaders, his concern echoing industry insiders who say the country relies too heavily on imports and that inflation is pricing out too many consumers. After a decade of growth, 2015 sales are expected to drop from 2013 levels, from 3 million cars a year to half that number, as the economy suffers under flagging oil prices and Western sanctions.

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