New car registrations up 8.42% in October

The number of registrations of new passenger cars and vans with a gross vehicle mass (GVM) of up to 3.5 tons reached 36,877 in October this year. This is an 8.42 percent y/y increase, but a 1.36 percent m/m decrease compared to September, according to sector research firm Samar, citing data from the Central Registry of Vehicles and Drivers (CEPiK). “October was the 19th month in a row of uninterrupted growth in sales of cars and vans up to 3.5t GVM. In terms of the number of registrations, last month was the best October of the past decade. The higher sales in October (y/y) were mainly due to the increased activity of institutional clients,” Samar reported. In the period January-October 2016, sales of new cars and vans amounted to 384,220 vehicles, a y/y rise of 16.7 percent.