896.2 thousand new vehicles were sold in Russia in the first 9 months of 2023. This is 1.5 times more than January – September last year. In this respect reports referring to own information of the analytical agency “Avtostat”.
It is stated that 80 percent of the total number of cars are passenger cars. At the end of 9 months, 717.3 thousand new passenger cars were sold in Russia; This figure increased by 51% compared to the same period in 2022. Market growth was recorded in all segments. Truck sales achieved the highest growth since the beginning of the year, with an increase of 81 percent (to 105.8 thousand units).
In the period January-September 2023, bus sales increased by 33% (up to 11.9 thousand units) and light commercial vehicle (LCV) sales increased by 11% (up to 61.2 thousand units).
Before that car dealers guess In the fourth quarter of 2023, sales of new passenger cars in Russia decreased by 5-10% compared to the results of the third quarter. There are three main reasons for this: the increase in the recycling fee, the increase in the Central Bank rate and the weakening of the plus ruble.
Previously at the Ministry of Industry and Trade statedHe said that the Russian automobile market will begin to recover and the sales level may reach 1.3 million units in 2024.