The Russian car market has grown by over a third in each of the past two years. Rising projections for "motorisation" (cars per thousand inhabitants) imply sales of 36 million units in 2005-15. So the Russian market is important not only for its fast growth but also for its absolute size.
This opportunity in Russia, which the big international vehicle manufacturers are now seizing, is driven mainly by rising real incomes, fuelled by an auto loan market in the early stages of rapid...
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