Last year, the Russian automotive market saw a massive 56 percent decrease, only managing to total 1.4 million units, in spite of the fact that the country’s government had introduced a scrappage scheme, supporting loan to customers of any new car built in Russia and priced under 13,500 euro.
It seems that the sales reports for the current year might not show a hefty rebound, as the 2010 cash for clunkers program is heavily affected by bureaucracy and corruption, as Bloomberg reports.
If … (read more)