Page 130 - RusRPTSept22

been sold in total, 57.5% less than in the same period a year earlier. (chart) The sale of second-hand cars has held up much better, falling by only a fifth in July. Between January and July a total of 2.87mn used cars were purchased, 70% of which were foreign cars. But in general Russians are avoiding big ticket purchases while the economic outlook remains uncertain.
Of the 478,044 bought in the first six months of this year, a bit less than a third (29%) were Russian brands, while the remaining 71% were foreign made cars. Russian brands improved their share of second-hand sales by only 1pp, but in July, the sale of foreign cars fell faster than domestic ones: by 18.6% against 15.2%.
A quarter of the second-hand market belongs to AvtoVaz products, but even the sales of Lada are declining. In July, Russians bought 118,865 Lada cars (-14%) and in the first seven months of this year they bought 741,540 (-8%).
Japanese Toyota holds the second place on the market but sales are less than half the sales of AvtoVaz on the second-hand market. Toyota’s sales were 50,548 in July and 302,227 cars in seven months, down about 17% in both cases. The third place is occupied by the Korean Kia, the sales of which turned out to be almost two times less.
130 RUSSIA Country Report September 2022 www.intellinews.com