Support The Moscow Times!

Russia's AvtoVAZ Reports 16% Boost in Lada Sales

Russia's largest automaker AvtoVAZ said on Wednesday that Lada sales in March reached 27,423 units, up 16 percent from the month before.

However, sales of the country's best-selling car brand were down 26 percent year-on-year and overall sales could fall by as much as 16 percent in 2015.

AvtoVAZ President Bo Andersson said the company would sell between 325,000 and 350,000 cars this year, down from 387,307 in 2014, Interfax news agency reported.

Russian auto sales have faltered as economic growth slowed, following Western sanctions imposed on Moscow for its role in the Ukraine crisis and a rapid decline in the price of oil.

… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more