New car market in Russia: July 2024 figures are released

According to the AEB Automobile Manufacturers’ Committee, a total of 123,217 units of new passenger cars and light commercial vehicles were sold in Russia in July 2024, excluding alternative supply channels, and about 138,951 units including them. According to sales data from PPC JSC, a total of 142,763 vehicles were sold. Sales in July 2024 exceeded sales in July 2023 by 42%, and the sales results for the first seven months of the current year outpaced sales for the same period last year by 68%.

Alexey Kalitsev, Chairman of the Automobile Manufacturers Committee, comments:

“The Russian market for new cars is growing relentlessly. Despite the slowdown in sales dynamics, the potential for growth remains. Obviously, the share of cars coming in as parallel imports is dwindling toward insignificance. The automotive market is already one where official importers and manufacturers are consolidating their dominance. However, we will soon see a reduction in car imports as well, due to a number of factors and government initiatives aimed at stimulating local production. These factors will start to have a significant impact in the near future, but it will only be possible to fully assess it at the end of this year or the beginning of next year. At present, the Committee believes that the forecast we published last month has every chance of being realised."

Additional information is available on the AEBRus website.

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