PUTIN'S LATEST BAN ON OIL SALES COULD BACKFIRE ON RUSSIA, EXPERTS PREDICT Prices for cars have also risen significantly in Russia - a fact which remains the main "deterrent" to a sales rebound, Kalitsev said. Retail sales slumped across the Russian economy in 2022 amid a recession, price i...
Compared to the same month last year, car sales in Russia rose by 23% in March, as consumers rushed to buy new vehicles ahead of the anticipated price rises caused by the sharp decline of the ruble. In April, sales could drop by as much as 80 to 90% as the country...
MOSCOW, April 29. /TASS/. Car sales in Russia in 2020 amid the coronavirus pandemic and lower oil prices could fall by 30% to 1.14 mln cars, according to a study by consulting company PwC. Read also Over 80% of Russians worried by economic crisis — survey The forecast was based on a...
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New car sales in Russia experienced a stronger-than-expected recovery in the first half of the year, prompting local auto industry analyst Autostat to raise its forecast for 2023 sales to 860,000 units, a 37% jump on the previous year. Domestic car production, meanwhile, continued to account...
Global car sales fluctuated over the past years amid disruptions in the industry. In 2023, car sales worldwide grew past pre-pandemic levels.
Top-selling foreign cars in Russia The top five best-selling foreign brands are led by Chery. In 2023, the company sold 118,000 vehicles, representing 11.2% of the Russian automotive market. Haval follows with sales of 111,000 units, representing 10.6% of the market. These two brands demons...
MOSCOW. July 16 (Interfax) - Russia's used passenger car market dipped 0.2% year-on-year to nearly 2.75 million vehicles sold in H1 2024, and the market declined slightly year-on-year in June as well, the Autostat analytical agency said....
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In the domestic market, the country's biggest carmaker Hyundai Motor saw its car sale grow 6.4 percent on demand for new models, but its affiliate Kia Motors recorded a 10.2 percent reduction in car sales. Ssangyong's local auto sale increased 7.2 percent, but those from GM Korea and Renaul...