RUSSIA: PSA 9-month sales soar

PSA Peugeot Citroen sales in Russia rose 62.3% year on  year to 44,947 cars in the January-September period.
 
Sales rose 59.9% to 18,956 cars in the July-September quarter, the company said in a statement cited by the Prime-Tass news agency.
 
Announcing "drastic" fourth quarter cutbacks last week, PSA said eastern Europe started to slow in the third quarter with a decline of nearly 2% after a buoyant first half.
 
Growth for the first nine months was 5.8% and market share 11.1%.
 
The booming Russian market grew 24.9% in the first nine months but slowed to 12% in Q3. PSA registrations were up 65% in Q3 and 63.2% for the first nine months a French statement said.
From: just-auto.com editorial team

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