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Chinese cars can take more than half of the Russian market


According to Otkritie Avto forecasts, by the end of the year, cars from Russia and China will dominate the market, and the Chinese will continue to increase their share. About 40-45 percent of sales will fall on Chinese brands, and taking into account the brands that sell their cars under their nameplates, the share will exceed 50 percent.

Chinese companies actively expanding their product lines in Russia show multiple growth compared to April 2022. In May, which will also be compared with last spring’s low base, the trend will continue, but the figures will begin to decline in the summer, analysts say. In addition, demand may be negatively affected by the growth of the yuan against the ruble, which will quickly be reflected in prices.

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