MOSCOW: Russian car sales are expected to be around flat in 2013 after rising by 10.6 percent last year, the Association of European Businesses said on Tuesday.
Russia has a relatively low ratio of vehicles per person and a comparatively aged fleet on the road, which alongside a growing middle class has spurred sales in Europe's second-largest car market.
Sales growth slowed at the end of 2012 as people put off making large purchases due to economic uncertainty.
"The next year isn't going to be very easy ... based on the current conditions and the customer demand," said Joerg Schreiber, chairman of the AEB, which produces the most timely and comprehensive monthly car market statistics in Russia.
"Everything depends on the domestic market environment, and Russia is surrounded by regions where economic development is quite difficult," Schreiber said. "So currently, we are forecasting a market on the level of the market in 2012."
Car sales grew to 2.935 million in 2012, the AEB said, in line with its previous forecast and comparable with pre-crisis levels of 2.9 million in 2008.
In 2013, sales are expected to be between 2.8 million units and 3.1 million units, the AEB said. A median forecast of 2.95 million units would be around flat on the previous year.
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