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Car Sales in Russia in Line with Market Expectations

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    According to the Association of European Businesses (AEB) statistics, the sales of new cars and light commercial vehicles in Russia in January-February 2020 declined by 0.5% year-on-year making 218.4 thousand units. In February, the sales of new cars and light commercial vehicles were down 2.2% year-on-year and up 16.6 month-on-month to 119.1 thousand.

    “February market sales show a 2% decline compared to the same month one year ago, in line with market expectations. Considering however that a number of brands have stopped sharing their sales data on a monthly basis (anywhere in the world including for Russia), the whole market picture is not quite complete at this point. Next month the AEB will publish a quarterly sales report which is expected to reflect cumulative sales results of all brands represented in Russia during the first 3 months of 2020”, Joerg Schreiber, Chairman of the AEB Automobile Manufacturers Committee, commented.

    Lada remained the leader of the Russian car market in February with its sales decreasing by 7.4% year-on-year down to 25 thousand units.

    KIA continues to rate the second with its sales amounting to 17.1 thousand cars, down 3.5% year-on-year.

    Hyundai remains the third with its sales up 0.7% year-on-year to 14.4 thousand cars.

    Renault saw its sales grow by 19.1% year-on-year up to 10.1 thousand units.

    Toyota ranks the fifth, its sales increased by 16.6% up to 8.2 thousand units.

    Among the car brands that demonstrated the most spectacular growth in February were Changan (up 6.3-fold), Suzuki (в 2.9-fold), FAW (up 2.8-fold), and Haval (up 2.3-fold). 

    The brands that saw their sales decline the most were Ford commercial vehicles (-99%), Chevrolet (-96%), Zotye (-91%), Lifan (-73%), Foton commercial vehicles (-67%), Hyundai commercial vehicles (-60%), and Infiniti (-57%).


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