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Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their ...
Russia's Soviet-era Moskvich car entered the country's list of top 10 best-selling brands for the first time in November, data from Russian analytical agency Autostat showed on Tuesday.
Russia's car market once had 60 active brands. Now there are 14, with three of them Russian and the rest Chinese.
A man walks past a store of Russian clothing retailer Henderson in Moscow, Russia February 25, 2025. REUTERS/Shamil Zhumatov By Roman Churikov, Olga Popova and Yevgeniy Matveev ...
Russian car brand Lada made up 28% of the new car sales in the country, while Chinese firms Haval, Chery, Changan, Geely, Omoda, Exeed, and Jetour also significantly contributed to the rise in sales.
Over the past year, hundreds of global brands have fled Russia in response to its invasion of Ukraine. That’s forced Russians to find alternatives for everything from smartphones to cars.
The exodus of Western automakers is narrowing options for Russian consumers, who are having to get used to higher prices and Chinese brands, such as Haval 601633.SS, Chery and Geely 0175.HK.
Brand new Chinese cars are now everywhere on Moscow's roads. "After the departure of Western brands, there was a shortage of cars on the market, and it had to be covered somehow.
(Reuters) - Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands ...