In 2023, up to 1 million new cars will be sold in Russia, and brands will finally decide what to do next. Forecast of the Ministry of Industry and Trade

Deputy Prime Minister and head of the Ministry of Industry and Trade of the Russian Federation Denis Manturov said that this year sales of new cars will amount to 1 million units, while last year they amounted to about 800 thousand cars.

We think that this year there will be 800 thousand produced, well, somewhere, taking into account the growth of the market and its recovery due to, in fact, parallel import mechanisms, it will be somewhere under a million.

Denis Manturov

He added that this year all companies will finally decide what to do: stay and continue to work or leave, transferring their assets.

Like here, e.g. Mercedes. There, the final stage is with Avtodom, this is one of the Mercedes dealers … Because there is a very complicated deal, involving not only production, dealership, but also a leasing company, an insurance company, a bank. In general, there is a complete complex.

Denis Manturov

At the end of last year in Russia, 46 car brands of passenger cars suspended their activities in Russia. Only 14 companies remained, including AvtoVAZ, GAZ, UAZ and Chinese brands.