The person in charge of the local Russian auto industry said a few days ago that the annual sales of cars in Russia this year may be lower than 1 million for the first time. The person in charge also said that so far, Russian car sales have fallen by more than 60%, and may end up being less than a quarter of what they were a decade ago. In this regard, the Russian authorities even urged the government to control car prices.
Russia's annual car sales may fall below 1 million for the first time this year
Russian Trade Minister Denis Manturov said that Russian automakers are increasing their production lines, including companies such as Avtovaz, GAZ and UAZ. In addition, the production of "Moscovite" brand cars will resume this month. However, he also pointed out that a challenge of this magnitude had never been faced before.
Chinese brands have sprung up in the Russian auto market this year
However, Chinese brands have emerged in the Russian auto market this year. According to the Russian Satellite News Agency, in the first 10 months of 2022, only Chinese auto brands achieved positive sales growth in the Russian market, and Haval, Chery, Geely and other brands entered the top ten sales in the Russian market.
Chery's new Omoda 5 will land in the Russian market
In terms of specific sales, Haval sold 4,316 vehicles in October, an increase of 8.1% year-on-year; Xingtu sold 1,163 vehicles in October, a year-on-year increase of 472%. Brands such as JAC and Changan all achieved positive growth. In addition, tank brands such as Great Wall's and Chery's new Omoda 5 will also land in the Russian market.
