Page 151 - RusRPTJul24

down by 9% month-on-month), including almost 126,000 passenger cars (up by 75% year-on-year), 9,700 light commercial vehicles (up by 25%), 9,200 trucks (down by 17%), and 1,400 buses (down by 11%).
The war was a disaster for the Russian automobile industry: in 2021,
automakers from Europe, the USA, Japan and South Korea accounted for 70% of cars sold in Russia, and taking into account AvtoVAZ, which belonged to Renault-Nissan, 92%. Immediately after the invasion of Ukraine, all Russian factories of these concerns stopped. The Russian car market has fallen almost threefold - from 1.54 million to 620 thousand cars.
Sales of new cars and light commercial vehicles (LCV) in Russia amounted to 132,400 with parallel import consideration, the Association of European Businesses (AEB) said.
"According to the AEB Automobile Manufacturers Committee, total sales of new passenger cars and light commercial vehicles in May 2024 amounted to 125,501 units excluding alternative supply channels and about 132,363 units including them. This is confirmed by sales data from PPC - 132,523 units," AEB informed.
"In May 2024, the Russian automobile market continued its rapid growth by +72.5% compared to May last year. At the same time, if we look at the dynamics, we see that March 2024 exceeded the sales figure for the corresponding month of last year by 102%, April - by 78%," Chairman of the Automobile Manufacturers Committee Alexey Kalitsev said.
"Despite the continuing trend of almost doubling sales volume, a slowdown in growth rates is obvious," he noted. "One of the factors that traditionally affects sales volumes in May is the holiday season, and traffic at dealership centers is correspondingly reduced. The decline in growth rates is also due to the growing base of last year," the Chairman noted.
The 126,140 new cars and light commercial vehicles sold in Russia in April represented an increase 132.4% compared to the same month in 2023 according to AEB.
Russian companies to manufacture so-called “pirate” cars, branded as
Western models without the consent of the company they are claiming to be.
Russian dealers have recently started offering a “pirate” version of the Citroёn С5 Aircross — at twice its pre-war price. Citroёn cars were previously made in the auto manufacturing hub of Kaluga, 160 kilometers from Moscow. The controlling stake in the factory that churned them out is still held by a Dutch company, Stellantis. Last year the company said it had de facto lost all control over its Russian assets. Now the factory is once again churning out Citroёn C5
151 RUSSIA Country Report July 2024 www.intellinews.com