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Russia reaps scrappage benefits, at least for the short-term

The government's scrappage scheme has stopped the downward sales spiral, but it can't run forever

The Russian market is clearly feeling the benefits of the government's scrappage incentive scheme. After a 20% fall in September and a 9.9% decline in October, the downturn in the country's car and light commercial vehicle market slowed to just 1.1% in November.

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