Chinese brands have grabbed a share of the Russian car market after the departure of Western brands
Sales of new passenger cars in Russia fell by 61%.
This is reported by Reuters.
Today, Chinese brands already occupy a third of the Russian car market. Sales of some Chinese car brands have almost doubled, comparing data for January and November.
At the same time, sales of new passenger cars and light commercial vehicles are down almost 61% year-on-year as Western sanctions limit Russia's access to some materials, and falling demand and high prices are further slowing down the sector.
Russian cars are meeting demand at lower prices, up to about 1.5 million roubles ($23,961), while Chinese cars occupy a western price niche above 2.5 million roubles.