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LADA sets a new sales record

The largest Russian car manufacturer AVTOVAZ Group (AVG) announces its IFRS results for the 9 months 2018. The Company succeeded to keep its LADA market share in Russia at a record high level of 20%, LADA press service reports.

Lada Vesta

But termination of the state market support measures in May 2018, slower dynamics of the Russian automotive market growth and FX rate fluctuations represent growing headwinds for the financial performance of AVG.

For the first 9 months of 2018 AVG sold in the Russian market 259,129 units of the LADA cars that is 17% more vs the same period of 2017. The LADA brand kept the highest share of the Russian passenger car and light commercial vehicles market in the last several years – 20%. Four LADA models occupied the TOP-10 list of best-sellers in Russia – the LADA Vesta (1st position), the LADA Granta (3rd position), and the LADA Largus (7th position), the LADA XRAY (9th position).

The LADA Vesta model family sets a new sales record with 76,189 units sold during the first 9 months of 2018 (+39.5% to 9M 2017). The New LADA Granta, launched in September, 2018, was warmly welcomed by clients and became the September market best-seller in Russia with 9,936 units sold. 

During the 9 months of 2018 AVG has exported 27,398 units of the LADA cars and KD kits (+65% to 9M 2017). Two new countries were added to export geography in 2018 – Tunisia and Chile. 9 new LADA dealerships were opened abroad. 

The Company achieved a consolidated revenue of RUR 199 bln ($3 bln), that is 25.4% more than in the previous year.

The AVTOVAZ Group is part of the Alliance Renault-Nissan-Mitsubishi and produces cars under 4 brands in full cycle: LADA, Renault, Nissan, Datsun. Production facilities of the Group are located in Togliatti – PJSC AVTOVAZ and in Izhevsk – LLC LADA Izhevsk. 

LADA brand is presented in the B, B+, SUV and LCV segments that are grouped in 5 families: Vesta, XRAY, Largus, Granta and 4×4. The official dealership network of LADA is the largest in Russia – over 300 dealerships.

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