Page 101 - Russia OUTLOOK 2023

Automotive:
By the end of 2022, only 14 out of 60 brands remained on the Russian car
market, RIA Novosti writes with reference to the Russian Automobile Dealers
Association. Of the 14 brands remaining in Russia, only three are domestic:
Lada, GAZ and UAZ. The rest are Chinese: Chery, Geely, Haval, Jac, Faw,
Dongfeng, Changan, Exeed, Gac, Foton, Omoda.

Sales of passenger cars and light commercial vehicles (LCVs) declined
by 62% y/y in November to 46,403 vehicles, according to the Association of
European Businesses that oversees the industry.

In the first 11 months of 2022, the market contracted by 61% y/y to 0.55mn
vehicles sold. (chart & chart) As followed by bne IntelliNews, sanctions
imposed because of Russia’s military invasion of Ukraine have brought the
Russian car market screeching to a halt. However, Lada models from the
largest Russian carmaker AvtoVaz posted some recovery in August and
September, which was attributed to the launch of state-discounted car lease
support.

Then in October Lada model sales dropped by 25% y/y. In November Lada
remained the market leader, with 21,700 vehicles sold in November, but down
by 18% y/y (and down by 49% y/y to 0.16mn vehicles for 11M22).

101 Russia OUTLOOK 2022 www.intellinews.com