Russia Economy : Russia Investment : Russia Government : Russia Trade : Russia IPE Analysis & News

New cars sales in the Russian economy dropped as much as 49 percent as consumer demand slumped in 2009 according to Xinhua.

The negative Russian economic news comes as in 2008 new cars sales hit a record high of 1.46 million units.

Nonetheless, Russian car maker AvtoVAZ plans to increase production output by 50 percent in order to account fro an expected increase in demand for 2010 as the Russian economy climbs out of is worst recession in ten years.

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