Russia’s New Car Sales Soar 47% in 2024, Led by Chinese
Good news for Russia’s car market — new car sales jumped by 47% in 2024, according to the country’s Industry Ministry. After a few rocky years, the market is clearly bouncing back, and fast. This marks one of the strongest rebounds in recent years for the Russian auto industry — which had faced significant disruptions due to sanctions, supply chain challenges, and shifting global trade routes.
🚙 What’s Behind the Big Comeback?
There are a few reasons more people in Russia are buying new cars again:
- More options from Chinese and local car makers
Since many Western brands left the market, Chinese brands like Chery, Haval, and Geely have taken the spotlight. Lada and other local names are also making a strong comeback. - Government support and better financing
Easier loans and special offers from the government have made it simpler for people to afford a new car. - Fewer supply chain issues
New trade routes and partnerships outside Europe have helped bring in more cars and parts.
🚘 What Are People Buying?
The most popular cars right now are SUVs and crossovers — practical choices for Russian roads and weather.
Top-selling brands in 2024 include:
- Lada – Russia’s iconic car brand saw major growth
- Chery and Haval – Chinese brands are becoming increasingly popular
- UAZ and GAZ – Domestic commercial vehicle sales also jumped
- Many buyers are turning to SUVs and crossovers, which dominate the Russian landscape due to road conditions and year-round utility.
📊 What’s Next?
Experts think the trend will continue into 2025, especially if the economy stays stable and carmakers keep up with demand. With luxury imports still hard to find, Russian buyers are choosing cars based on value, durability, and availability — and it seems to be working.
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