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Russia's Car Sales Shrink, Luxury Brands Grow

Russia's automobile dealers had a bad year in 2015, as the country's economic woes kept buyers out of showrooms. But, at the opposite ends of the car market, some luxury vehicles and one low-end economy brand are seeing growth.  Car sales in Russia last year dropped by a whopping 36% as the economy shrank and inflation soared.  But the devalued ruble ironically made luxury cars cheaper in Russia than abroad and drove sales growth, as well-off Russians invested their...

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