Page 143 - RusRPTJul22

9.1.2 Automotive sector news
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia in May 2022 plummeted by 84% year on year to 24,268 vehicles, according to the latest data from the Association of European Businesses (AEB) that oversees the industry. This follows a 79% drop seen in April.
In January-May 2022 overall car sales were down by 52% y/y to 0.3mn units. As followed by bne IntelliNews, due to shortages of imported components, most Russian car manufacturing has effectively stalled and the car market is
143 RUSSIA Country Report October 2020 www.intellinews.com