Car production in Russia fell by 65% in March 2022
- Russian car production fell by 40% in March 2022 compared to February 2022, and by 65% compared to March 2021. This situation is explained by the production stoppage of most manufacturers in the country, following the Russian invasion of Ukraine which began on February 24 and continued through March and April.
- The figures provided by Russian organizations show that the volume of automobile production in Russia has increased from 104,000 units (PC+LCV) in January 2022 to 127,000 in February 2022 and 59,000 in March 2022, i.e. 290,000 units in total ( including 244,000 PV) compared to 100,000 units produced in January 2021, 143,000 in February 2021 and 165,000 in March 2021, i.e. 408,000 units in total (including 362,000 PV). The drop in production reached 65% in March 2022 compared to March 2021, which is quite logical since only Autovaz and UAZ plants continued to operate almost normally that month, these two manufacturers "nationals" accounting for about a third of Russian car production in recent years. April will be more difficult, however, as economic sanctions begin to weigh on production and consumption in Russia.
- If the Russian car market fell by 60% in March 2022 compared to March 2021 (from 172,000 to 71,000 units), it was not due to a collapse in demand, but due to the stoppage of production at factories belonging to foreign manufacturers. Customers could not refer to imported vehicles since imports were also suspended. For April, the difficulties are expected to intensify and a fall of almost 80% in the Russian car market is to be expected.
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