Hundreds of thousands of unsold cars crowd Russian dealers

El Pais

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Hundreds of thousands of unsold cars crowd Russian dealers

The Russian car market trembles. The central bank had warned in the last two years that the economy was overheated by military spending, but dealers and car manufacturers did not foresee a collapse of consumption like the one that happened these months. About 700.00 new cars accumulate in the warehouses of Russian dealers, 40% more than a year earlier, according to market sources to the RBK newspaper. Half are domestic production models and almo…