New Russian car sales to rise 47% in 2024, industry cites Reuters

(Reuters) – Sales of new passenger cars in Russia will increase 47% year-on-year to 1.55 million units by 2024, Russian news agencies reported on Saturday, citing industry data. and business.

New sales in 2025 are seen falling by about 10% to 1.43 million units, Sergei Tselikov, head of Russia’s Autostat research agency, said in December, while the high price of prices and scrappage fees drive prices up.

Moscow’s invasion of Ukraine in January 2022 changed the Russian auto market dramatically, as Western automakers abandoned the country and the Chinese stepped in to close the production gap. Sales fell in 2022 but are slowly recovering.