Russian car sales seen flat in 2010 after slump

ERJ staff report (AN)

Moscow (Reuters) — Russian car sales will remain flat this year after halving in 2009, a leading business body said on Thursday, in a sign government support measures will fail to offset a lack of cheap car credit.

The Association of European Businesses (AEB) said on Thursday it expected some 1.5 million cars to be sold in Russia in 2010, almost unchanged from 1.47 million in 2009, which was a 49 percent decline from 2008.

Russia was on its way to overtaking Germany as…

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