Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
Acquisition of Musa Motors, Russia - Inchcape
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Sustainable growth momentum in <strong>Russia</strong><br />
• Foreign brands sales volume:<br />
• 1.6 million units in 2007, up over 60% YoY<br />
• Q1 2008 equivalent <strong>of</strong> 0.46 million units, +54% YoY<br />
• New foreign cars accounted for 15 per cent <strong>of</strong> total sales in 2003 but are<br />
forecast to account for 78 per cent in 2010<br />
• Car penetration less than half that <strong>of</strong> Developed markets<br />
Source: Avtostat 11
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