The Russian automobile market will begin to recover, and in 2024 the level of sales may reach 1.3 million units. This was reported in the Ministry of Industry and Trade with reference to the strategy for the development of the manufacturing industry of the Russian Federation until 2030 and until 2035, transmits TASS.
According to the forecasts of the Ministry of Industry and Trade, the sales of automobiles will be 1.1 million units, light commercial vehicles – 113 thousand units, trucks – 100 thousand units, buses – 15 thousand units next year.
The department noted that its sales volume in 2026 will correspond to the average annual sales volume in 2015-2021. The market will gradually grow by 1% per annum from 2027. Thus, by 2030, the automobile market of the Russian Federation will reach the level of 1.8 million cars per year, while in 2035 the sales volume will reach the level of 1.9 million cars per year.
Also at the Ministry of Industry and Trade declarationA return to 2017 automobile production levels is expected within 12 years. The ministry has calculated that in 2024, 700 thousand cars will be produced in Russia, and by 2035 the volume will reach 1.6 million units.
By the end of 2023, 950 thousand new cars will be sold in Russia, estimated In the Russian Association of Automobile Dealers (ROAD).
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