Russia’s new automobile gross sales up 47% in 2024, businesses cite trade ministry


(Reuters) – Gross sales of latest passenger vehicles in Russia elevated by 47% yr on yr to 1.55 million models in 2024, Russian information businesses reported on Saturday, citing trade and commerce ministry knowledge.

New gross sales in 2025 are seen dropping by round 10% to 1.43 million models, Sergei Tselikov, head of Russian analytical company Autostat, mentioned in December, as excessive inflation and scrappage charges push costs up.

Moscow’s invasion of Ukraine in February 2022 drastically reshaped Russia’s automobile market, with Western carmakers abandoning the nation and Chinese language ones swooping in to plug the manufacturing hole. Gross sales slumped in 2022 however have been steadily recovering.

admin

Share
Published by
admin

Recent Posts

Sir Keir Starmer defends ‘tiny tariff’ deal and tells Kemi Badenoch: ‘Get on the prepare to Solihull’

Sir Keir Starmer has instructed Kemi Badenoch to "get on the prepare to Solihull" and…

16 minutes ago

Non-public investor snaps up London Sphere website for £40m

The east London website which had been earmarked for a Las Vegas-style Sphere leisure venue…

1 hour ago

Former Greene King chief swoops on former property with £90m pubs deal

A pub group based by the ex-boss of Greene King is in superior talks to…

2 hours ago

What ought to M&S prospects do after criminals stole private information in big assault?

The non-public information of M&S prospects has been stolen by hackers throughout an enormous cyber…

2 hours ago

What ought to M&S prospects do after criminals stole private knowledge in large assault?

The private knowledge of M&S prospects has been stolen by hackers throughout an enormous cyber…

2 hours ago

Burberry to chop 1,700 jobs after multi-million pound loss

Burberry, the UK's solely international luxurious model, is to chop round 1,700 jobs worldwide over…

2 hours ago