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Russian car-sale decline slows to 19% in August amid weak ruble

2015-09-08 15:56:27| Auto Dealers - Topix.net

Russian new-car sales fell for an eighth month in August, underscoring a deepening slide into economic recession, even as a weakening currency encouraged some consumers to spend. Sales contracted 19 percent from a year earlier to 138,670 new cars and light commercial vehicles after a 28 percent decline in July, the Association of European Businesses in Russia said in a statement on Tuesday.

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