Sales of Sollers Group increased by 37% in 2010

MOSCOW, Russia - In 2010, the sales of Sollers Group increased by 37% and stood at 93,000 vehicles as compared to 68,000 units in 2009. The significant increase was observed across all product brands produced and sold by Sollers Group. In particular, UAZ car sales climbed by 42% last year as compared to 2009 and stood at 55,411 vehicles (including 49,043 vehicles sold in domestic market and 6,368 vehicles exported).

In 2010, the sales of Fiat cars accounted for 21,943 units, which exceed by 21% the sales figures for 2009. The sales of Ducato light commercial vehicles rose by 59% and reached more than 13 thousand vehicles in 2010 as compared to 8.2 thousand for the previous year.

The sales of SsangYong SUVs produced at new Sollers - Far East plant in Vladivostok were 12,526 cars, which exceed by 39% the similar indicator for 2009 (9,020 units).

In 2010, the increase in sales of ISUZU trucks was 67%. Overall, 3,064 trucks were sold as compared to 1,836 for the previous year.

According to Sollers PLC General Director Vadim Shvetsov, the sales increase across key Sollers products was higher than the average growth of the Russian automotive market in 2010. Mr. V. Shvetsov noted that the main gains in the past year came primarily from retail car sales and were not related to government-sponsored programs to boost market demand. “This confirms high competitiveness of cars produced by Sollers and leads us to expect further strengthening of our market position in the coming year”, said Vadim Shvetsov.