A new report by Research and Markets says Russians are snapping up cars at a proportionately faster rate than much of the rest of the world.
The report predicts that sales of new passenger cars will increase more than 20 percent a year in the coming years. The sale of spare parts is expected to grow nearly 15 percent annually.
According to a separate 2006 report by political commentator Alexander Yurov, more than 1.5 million cars are sold in Russia every year. Yurov estimates the figure will be closer to 2 million cars by 2008.
The Research and Markets … Read more