Analysts predict the collapse of the Russian car market by 10-20% in 2025 amid penalties.
The sale of new cars in Russia in February fell 24.9% in the annual Calculus, which was the first decline in monthly sale since April 2023. Reuters reported it on Thursday, March 6.
Until February, sales in the Russian Federation grew 22 months later, which continued after 2022 in the middle of the war with Ukraine and after the release from the western automakers market, such as Renault and Volkswagen.
Since the end of 2024, growth began to slow down. Analysts predict Russia’s car market collapse by 10-20% in 2025. The reduction is expected by 15% due to high interest rates and penalties.
Meanwhile, China’s car manufacturers have significantly increased their existence in the Russian market, covering more than half of sales against less than 10% before the war.
Chinese brands dominate the top 10 for sales, except for the leader of the unconditional – Russia’s largest automaker Avtovaz, who sold 24,573 cars in February, 14.3% less than a year before.
As reported, Chinese automakers have offered Russian customers a huge discount and squeeze Avtovaz from the market. Thanks to Russia, China in 2023 became the largest car exports in the world.
Source: korrespondent
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