As Russia wrestles with an economic crisis, more and more Porsches and Rolls-Royces are appearing on its roads.
It seems something of a paradox; while mass-market car sales in the country have tumbled along with the ruble and oil prices, one area is bucking the trend – luxury cars.
Sales of Porsche, Bentley, Rolls-Royce and Lexus cars all rose last year, even as Russia sank into recession.
“It’s bizarre,” said IHS Automotive analyst Tim Urquhart.
“Even in the absolute depths of despair which the economy is in at the moment, these brands still seem to be doing ok.”
Falling wages in the country have deterred …read more
Source: Voice of America
