Politics

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In a significant rebound from the steep decline in 2022, car sales in Russia saw a remarkable 148.6% year-on-year increase in September, as reported by analytical agency Autostat on

Wednesday. This resurgence comes as Chinese car brands continue to expand their presence in the Russian market.

Russia's automotive industry had been heavily reliant on foreign investment, equipment, and parts, which took a severe hit due to Western sanctions stemming from Russia's involvement in the Ukraine conflict. Consequently, car sales in Russia plummeted by 59% in 2022, leading to the departure of many foreign automakers from the country.

According to Autostat, based on data from consulting firm PPK, a total of 110,358 cars were sold in September, marking a stark contrast to the 44,398 units sold in September 2022.

Autostat also reported that, following Lada, the flagship model of Russia's leading carmaker Avtovaz, seven of the top 10 positions in terms of market share are now occupied by Chinese automakers such as Haval, Chery, and Geely. These Chinese brands have stepped in to fill the void left by departing Western automakers.

Furthermore, Chinese companies are ramping up their sales efforts in Russia, including vehicle assembly at factories previously occupied by brands like Renault and Nissan, as reported by Reuters.

Avtovaz recently revised its projection for passenger car and light commercial vehicle sales in the Russian market for 2023, increasing it to 1 million units, up from the previous estimate of 875,000. Photo by Olaf1541, Wikimedia commons.