1 Nov 2010 18:24

AvtoVaz boosts sales in Russia by 40.4% in Jan-Oct

SAMARA. Nov 1 (Interfax) - OJSC Avtovaz sold 418,016 vehicles in January-October 2010, a year-on-year increase of 40.4%, the company said in a statement.

A total of 166,437 vehicles were sold through the state utilization program.

AvtoVaz sold 50,251 vehicles in October 2010 compared to 50,072 vehicles in the previous month. Year-on-year sales in October went up by 78.1%.

A total of 27,297 Lada cars were sold through the utilization program in October, up 15% from September.

A total of 3,816 vehicles were shipped for export in October. Total exported units in the nine months came to 32,875 vehicles.

Sales of Lada 2105/2107 cars in the ten months almost doubled to 112,463 units, Lada Priora - 14% to 101,892 units, Lada Kalina - 62.4% to 85,258 units, Lada Samara - 7.9% to 83,800 units and Lada 4X4 -67.5% to 34,603 units.

At the end of September, AvtoVaz plans to sell around 60,000 vehicles in October.

"We plan to sell 60,000, 50,000 and 50,000 cars in October, November and December, respectively. These plans for the fourth quarter we set by dealers," the company's vice president for sales and marking, Artyom Fedosov, was quoted as saying.

At the end of the fourth quarter, the company sold 80,300 vehicles. At the end of August, the company planned to produce 59,500 vehicles in October, November - 56,100 units and December - 63,400 tonnes.

AvtoVaz plans to produce 571,000 vehicles in 2010 with sales at 583,000 units. The company reduced sales by 44% to 349,500 vehicles. Total sales are expected to reach 1.2 million vehicles annually by 2020, of which 70% will be Lada models.