Conditions Rife For Luxury Car Growth In Russia

Luxury car sales in Russia have bounced back strongly - rising 30.5% year-on-year (y-o-y) during H110 - justifying BMI's view that Russia is one of the most promising markets for premium car sales in emerging Europe. Given that BMI expects private demand in Russia to be particularly impressive from 2011 - as a result of an improvement in the country's labour market and the effects of the 2008 financial crisis filtering out - we see significant room for further growth in premium car

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