Growing incomes fuel demand for cars

If a decade ago owning a car was a luxury, today Russia is witnessing a car boom. In the first six months of this year, consumer purchasing power grew by 10 percent . People are spending their growing income on domestic and imported vehicles.
Manufacturers are struggling to keep up with rocketing demand for cars – up by 50% this year.
Those who want a popular car model may have to wait up to 8 months to get one. The Ford Focus Two is already manufactured in
Ford plans to double sales in
Banks provide a variety of solutions for those who cannot afford to buy a car outright. This is also helping to keep consumer markets on the boil.