Russian carmaker Avtovaz posts sales growth by 0.6% for eleven months 2019

TASS Russian News Agency | Dec 4, 2019 at 10:10 AM

/Update/

MOSCOW, December 4. /TASS/. Avtovaz sales on the Russian market increased by 0.6% year-on-year to 326,650 cars in January - November 2019, the Russian automobile producer said on Wednesday.

"326,650 Lada cars and light commercial vehicles were sold in Russia as of the end of 11 months 2019, up 0.6% against the like period of 2018," the company said.

Car sales in November totaled 31,220 Lada vehicles, Avtovaz reported, down 7.2% on an annualized basis, the carmaker said.

The market share of Lada in the segment of cars and light commercial vehicles is about 20.5% as of the end of 11 months 2019, according to the company's estimate.

Lada Granta model takes the lead in terms of January - November 2019 sales, with 121,260 vehicles sold, up 29.3% year-on-year. 12,570 cars of this model were sold in November 2019, up 27% against last November. Lada Vesta model is second, with its sales adding 3.9% to reach 100,500 vehicles in eleven months of this year.

Avtovaz is the largest producer of cars in Russia. The Avtovaz Group is part of the Renault-Nissan-Mitsubishi alliance.