Page 129 - RusRPTSept22

9.1.2 Automotive sector news
Sales of new cars have almost collapsed and those of used passenger cars in July decreased by almost 18% y/y as consumers save more and spend less due to the economic uncertainty, according to Avtostat info survey based on vehicle registration data. Russians bought a total of 478,044 used cars in July.
The sale of new cars has come to virtual standstill since the war in Ukraine began with sales falling to 27,761 in June down 82% y/y according to the Association of European Business’s Automobile Manufacturers Committee (AEB), before recovering somewhat in July to 34,412 sales, still a 72% fall in sales y/y. over the first six months of this year a total of 370,228 cars have
129 RUSSIA Country Report September 2022 www.intellinews.com