The Russian passenger car market collapses by 58.8% in 2022 compared to 2021
- The Russian passenger car market collapsed by 58.8% in 2022 compared to 2021, to 687,370 units from 1,666,780, and this sharp drop is directly linked to the conflict between Ukraine and Russia. This situation caused the interruption of exports of European cars to Russia and the end of production of factories producing European cars in Russia, which then expanded to Japanese carmakers such as Toyota or Nissan. Only Korean carmakers remained (Hyundai, Kia). American carmakers (GM, Ford) left Russian territory several years ago.
- One of the consequences of the departure of European and Japanese carmakers was the separation of the Lada brand (Avtovaz) from the Renault-Nissan group as well as the resurrection of Moskvitch on the bases of Renault Russia.
- As a result, the carmakers that have maintain their presence dominate the Russian market, in particular the Chinese brands, which have seen their market share increase from 7% in 2021 to 20% in 2022 (i.e. a tripling of their market share), but their sales volumes however are also down.
- If the conflict between Ukraine and Russia continues in 2023, it is certain that the share of Chinese carmakers will still increase sharply to reach around 40% this year, which will represent a doubling of their market share, not to mention new Moskvitch which are rebadged Chinese cars.