The passenger car shortage that has been going on for years in Russia has been overcome. In this respect reports RIA Novosti, citing the Russian Association of Automobile Dealers (ROAD).
“The famine crisis is over globally. This was initially facilitated by the parallel import mechanism and then by the arrival of Chinese brands. Additionally, domestic automakers have rebuilt their supply chains. The association stated that there is now a healthy competition process in the market.
Many automobile factories have been operating intermittently since 2020, when there was a shortage of semiconductors to produce cars. The lack of these components was felt in both 2022 and 2023.
Before that, he worked 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. The department stated that the sales volume in 2026 will correspond to the average annual sales volume in 2015-2021. The market will gradually grow by 1% per year from 2027. Thus, by 2030 the Russian automobile market will reach the level of 1.8 million cars per year, and by 2035 the sales volume will reach 1.9 million cars per year.
Previously reportedIt turned out that Russians spent a record amount of money on buying used cars in 2023.