Passenger Car Sales Could Rise 15% by Year's End

22nd July 2010, Comments 0 comments

Although sales dropped 50 percent in 2009 after the onset of the global financial crisis, the flagging passenger car market kicked into overdrive this year with the introduction of the cash-for-clunkers program, which allows consumers to trade in an old car for a 50,000 ruble (1,640) voucher toward a new one.

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