Support The Moscow Times!

AvtoVAZ Sales Soar 60%

AvtoVAZ said Tuesday that its year-on-year car sales grew 60 percent in July, benefiting from the state-sponsored cash-for-clunkers program and continued economic recovery.

Almost half of the 51,800 vehicles sold in July were part of the program.

The program awards 50,000 rubles ($1,656) to car owners willing to trade in 10-year-old locally produced vehicles for new models. In the first seven months of 2010, AvtoVAZ sold 272,600 autos, an increase of 28.4 percent on the year ago period. 


Read more

The need for honest and objective information on Russia is more relevant now than ever before!

To keep our newsroom in Moscow running, we need your support.