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STOCK MARKET VIEW
Russian car sales slip into reverse, hit by political problems
Long-term forecast scaled back too

Published: Tue, 03 June 2014 19:41:34 GMT
 

Moscow Russia heavy traffic 2014

Long-term forecast scaled back too, although market will grow - Long-term growth forecasts for the Russian car market are being slashed, as short-term sales plunge because of political worries, economic problems and currency weakness

According to industry consultants Roland Berger, the previous hope that Russian car sales could hit four million a year by 2020 are being scaled back, but there are still high hopes that long-term, the Russian market will still become a source of rich pickings for car makers
...more 

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