Car sales in Russia plunged by 83.5 percent year-on-year to 24,268 units in May of 2022, the least since data started being collected in 2006 and accelerating from a 78.5 percent drop in the previous month, as sanctions and economic isolation continued to pressure the industry. Production was seen significantly lower as foreign producers left Russia after the invasion of Ukraine, while penalties from the West suspended imports of components and parts that the domestic industry heavily relies on. As of early June, only two auto factories operate in the country, compared to more than 20 before March. source: Association of European Businesses
Total Vehicle Sales in Russia averaged 158886.78 Units from 2006 until 2022, reaching an all time high of 291020 Units in April of 2008 and a record low of 24268 Units in May of 2022. This page provides - Russia Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news. Russia Total Vehicle Sales - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
Total Vehicle Sales in Russia is expected to be 197696.00 Units by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Russia Total Vehicle Sales is projected to trend around 197696.00 Units in 2023, according to our econometric models.