News

Russians are buying fewer cars

Russia’s car market has dropped again. According to the Association of European Businesses, auto sales in the country fell by 5.2% in October.

The shrinking car market affected all players, even such popular brands as Lada and Kia (whose sales fell by 6% and 4%, respectively), while Nissan’s sales plummeted by as much as 60%. Other unhappy companies include Toyota, Volkswagen and UAZ.

However, some car makers are feeling fine: for instance, Renault sales grew by 12% in October, and Skoda by 17%. The Chinese brand Haval showed the biggest growth: by 323%, due to the opening of its plant in Russia and the launch of the Haval F7 new-class crossover, which experts call China’s first car that can compete with European-manufactured vehicles.

Previous ArticleNext Article