This material was produced in Russia, where the law restricts coverage of the special military operation of the Russian Federation in Ukraine
MOSCOW, Jan 9 (Reuters) – The Russian market for new passenger cars fell 58.7% last year to 626,281 units, Autostat, an analytical agency that maintains statistics on passenger car sales, said.
The Russian brand Lada remained the market leader, whose share last year increased to almost 28% from 22.25% in 2021. Over the past year, the brand’s sales decreased by 48.2% to 174,688 new passenger cars. In second place is the Korean brand Kia, whose sales fell by 67% to 65,691 units, although they remained the best among foreign cars.
The Association of European Businesses (AEB), which calculates sales of new passenger cars and light commercial vehicles in Russia, will publish its data on Thursday.
According to the association, for 11 months of 2022, the Russian car market fell by 60.9% to 548,877 units.
Due to sanctions imposed by the West after Russia launched a “special military operation” in Ukraine and a shortage of components, most Russian car factories are now idle, and a significant part of automakers have announced their withdrawal from the Russian market. (Gleb Stolyarov. Text by Anastasia Lyrchikova. Editor Dmitry Antonov)