Moscow News - Russia becomes Europe’s largest car market

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Russia has become Europe's largest automotive market after year on year sales grew 41 percent in the first six months of 2008, according to a survey by PriceWaterhouseCoopers (PWC.) In this period, 1.65 million cars were bought in Russia compared to 1.63 million in Germany, which was previously Europe's largest market. It is foreign brands that have been driving the expansion, with a 54 percent increase in the number of imports. In contrast, Russian brands only made up a quarter of all the cars sold in Russia according to the PWC report.