Russian Car Sales Plunge Most in 2015 as Ruble Undercuts Demand
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Russian car sales plummeted the most this year as a weakening ruble worsens the slump.
November sales of new cars and light commercial vehicles fell 42.7 percent from a year earlier after a 38.5 percent drop in October, the Association of European Businesses in Moscow said in a statement on Tuesday. The median of six estimates in a Bloomberg survey was for a 43 percent decline.