Agency: Russia’s new car sales plummet by 59% in 2022

MOSCOW, Jan 9 (PRIME) – Russia’s new car sales slumped by 59% to 626,300 in 2022, research agency Avtostat said on Monday.

"Of this number, local brands accounted for almost 30% (29.4%), the bulk of which accounted for the Lada cars. The number of sold models in 2022 stood at 174,700, which was 27.9% of the entire market volume," the report read.

The Korean brands accounted for 19.5% of the sales, Chinese for 19.2%, while the European brand car sales accounted for 18.5%, Japanese brands for 12.4% and U.S. for 1%.

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