06.03.2023, 20:24
The car market fell by 62% in February
Source: OREANDA-NEWS
OREANDA-NEWS Sales of passenger cars and LCVs in the Russian Federation in February fell by 62.1%, to almost 41.9 thousand units, according to data from the Association of European Businesses (AEB). The dynamics of the narrowing of the market in annual terms remained approximately at the level of January, when sales decreased by 63.1% and 32.5 thousand units were sold. As a result, in two months of 2023, the market amounted to almost 74.4 thousand cars.
The monthly data does not take into account the sales of BMW and Mercedes-Benz, as well as Chery and its other brands, since they report only quarterly. By the end of 2022, Chery Group brands occupied 7.8% of the market against 2.5% in 2021. The AEB data also does not take into account the import of cars bypassing distributors — through the so-called parallel import.
In 2022, the car market, against the background of the termination of official deliveries of cars from the EU, the USA and Japan, as well as local production of foreign automakers in Russia, with the exception of Chinese, decreased by almost 59%, to 0.69 million cars. AEB's forecast for 2023 assumes a 12% increase in sales of new cars, up to 0.77 million cars.
Lada remained the market leader in February, sales of which increased by 5% to 23.4 thousand cars. AvtoVAZ's market share was 56% against 20.3% a year earlier. Nevertheless, half of the top 10, even excluding Chery, were occupied by Chinese brands. In second place in terms of sales is Haval, whose sales increased by 49%, to 5.3 thousand units, followed by Geely (an increase of 85%, to almost 4.1 thousand cars). Other brands from China also increased sales: Changan — by 123%, up to 1.1 thousand cars; Great Wall — by 679%, up to 304 cars; FAW — by 63%, up to 293 units. Sales of GAS (2.6 thousand) and UAZ (1.5 thousand) fell by 31% and 9%, respectively. Sollers— a new LCV brand launched by Sollers at the end of 2022, has sold 348 cars. Sales of Kia, which was leading among foreign cars before the crisis, fell by 90%, to 1.5 thousand cars.
Lada Granta continues to lead in the model rating — last month it was still covered by preferential car loans. Next are Lada Niva and Haval Jolion.
The monthly data does not take into account the sales of BMW and Mercedes-Benz, as well as Chery and its other brands, since they report only quarterly. By the end of 2022, Chery Group brands occupied 7.8% of the market against 2.5% in 2021. The AEB data also does not take into account the import of cars bypassing distributors — through the so-called parallel import.
In 2022, the car market, against the background of the termination of official deliveries of cars from the EU, the USA and Japan, as well as local production of foreign automakers in Russia, with the exception of Chinese, decreased by almost 59%, to 0.69 million cars. AEB's forecast for 2023 assumes a 12% increase in sales of new cars, up to 0.77 million cars.
Lada remained the market leader in February, sales of which increased by 5% to 23.4 thousand cars. AvtoVAZ's market share was 56% against 20.3% a year earlier. Nevertheless, half of the top 10, even excluding Chery, were occupied by Chinese brands. In second place in terms of sales is Haval, whose sales increased by 49%, to 5.3 thousand units, followed by Geely (an increase of 85%, to almost 4.1 thousand cars). Other brands from China also increased sales: Changan — by 123%, up to 1.1 thousand cars; Great Wall — by 679%, up to 304 cars; FAW — by 63%, up to 293 units. Sales of GAS (2.6 thousand) and UAZ (1.5 thousand) fell by 31% and 9%, respectively. Sollers— a new LCV brand launched by Sollers at the end of 2022, has sold 348 cars. Sales of Kia, which was leading among foreign cars before the crisis, fell by 90%, to 1.5 thousand cars.
Lada Granta continues to lead in the model rating — last month it was still covered by preferential car loans. Next are Lada Niva and Haval Jolion.
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