A post by @FirstSquawk on X.
October Auto Sales in Russia Drop 19.8% YoY to 132,894 Units – Autostat
@FirstSquawk on X
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Russia’s October auto sales fell 19.8% year over year to 132,894 units, according to Autostat data cited by First Squawk. The decline points to continued weakness in Russian consumer demand and the auto market despite earlier signs of stabilization. The drop matters because autos are a closely watched gauge of household spending and industrial activity in Russia. Investors will watch whether the year-over-year contraction persists into November and December, and whether policy or financing conditions shift to support demand.
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Russia, Autostat