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There will be no cars in Russia even for big money? Analysts predict a 50% decline in the passenger car market

Aleksey Kalitsev, Chairman of the Automobile Manufacturers Committee of the Association of European Businesses (AEB), said at the annual convention of the Association of Russian Automobile Dealers that sales of passenger cars in Russia could fall by 50% this year.

I think that there will be clarity with deliveries in the next quarter. I do not expect a significant improvement in the situation during the second quarter. The second quarter will be a period of overcoming all the issues that exist. And if we have a positive scenario, we will start producing, the market this year may reach 0.8-0.85 million cars. In fact, this is a fall by the same 50%. If this resumption of production is later than the third quarter, then the market will be even smaller

That is, a two-fold decline in sales is a positive scenario, implying an early resumption of car production in Russia. If this does not happen soon, the market will collapse even more.

For comparison, last year the market for passenger cars and LCVs (light commercial vehicles) in Russia amounted to 1.67 million units, which is 4.3% more than in 2020.

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