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Russian Car Market Showing ‘Signs of Slow Return to the Previous Year Performance’

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    According to the Association of European Businesses (AEB) statistics, the sales of new cars and light commercial vehicles in Russia during H1 2020 declined by 23.3% year-on-year making 635.9 thousand units.

    In June, the sales of new cars and light commercial vehicles were down 14.6% year-on-year and surged 94.5% month-on-month to make 122.6 thousand units.

    “After two months of sharp vehicle sales decrease, June showed signs of slow return to the previous year performance. Although dealers are operational, state support measures additionally stimulate sales and delayed purchases contribute on top, June still marks a decrease of 14, 6% vs. June 2019. These 6 months have been a rollercoaster for manufacturers and dealers with slow climbing in the beginning of the year, followed by a sharp and never experienced downhill April/May and finished by a slow recovery in June. The decrease of 23% YoY June is close to the new AEB 2020 forecast of 1 339K sold cars, which is also a decrease of 23,9%. The new forecast relies on continuation of state support for customers purchase motivation and no second pandemic wave,” Thomas Staertzel, Chairman of the AEB Automobile Manufacturers Committee, commented.

    Lada remained the leader of the Russian car market in June with its sales down 45.8% year-on-year to 15.6 thousand units.

    KIA continues to rate the second with its sales amounting to 17 thousand cars, down 12.1% year-on-year.

    Hyundai remains the third with its sales down 18.1% year-on-year to 13.4 thousand cars.

    Renault saw its sales decline by 10.8% year-on-year down to 10.7 thousand units.

    Volkswagen rankd the fifth, its sales decreased by 19.9% down to 7.6 thousand units.

    Among the car brands that demonstrated the most spectacular growth in March were Changan (up 4.8-fold), FAW (up 2.8-fold), and Haval (up 99%). 

    The brands that saw their sales decline the most were Zotye (-91%), Foton commercial vehicles (-75%), Lifan (-74%), Infiniti (-68%), Subaru (-55%), Land Rover (-54%), and DFM (-51%).


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