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Sunday, 7 January 2024

New car sales skyrocket in Russia

New car sales skyrocket in Russia

New car sales skyrocket in Russia





Aurus Rolls Royce. The Russian automaker that created Putin's armored limo made a luxury version that rips off Mercedes and Rolls-Royce






Sales of new motor vehicles in Russia amounted to more than 1.3 million units in 2023, a 60% surge compared to the previous year, the Ministry of Industry and Trade reported on Friday.







According to data released by the ministry, sales of passenger and commercial vehicles amounted to 1.056 million (+62%) and 104,958 units (+35%), respectively. The number of trucks and buses sold in Russia during the year totalled 140,204 (+74%) and 17,792 units (+19%), respectively.


For comparison, the Association of European Businesses (AEB) reported last year that sales of new passenger and light commercial automobiles in Russia had totalled 687,370 in 2022, a dramatic decline of 58.8% compared to 2021, when nearly 1.7 million vehicles were bought. The plunge was attributed to a shortage of vehicles at local dealerships after American, European, Japanese and South Korean automakers either left Russia, or suspended deliveries of cars and components, halting local production indefinitely due to Western sanctions arising from the Ukraine conflict.


Despite the positive data, Russian and Chinese automakers have not been able to fully meet demand at a quick pace, and many buyers have been deterred by the high prices of vehicles produced in China or locally.


Chinese automakers have embarked on a major expansion in Russia, in an attempt to fill the void left by departing Western firms.


The Russian-made Lada Granta remained the top-selling model in the country, with 191,074 cars sold in 2023. It was followed by the Chinese-made Haval Jolion, with 48,980 vehicles sold. The Lada Niva (46,859), Lada Vesta (41,296) and Chery Tiggo (40,992) closed off the top five.


While Russian automakers still account for the majority of the local market, Chinese brands have seen impressive sales growth.


According to data released by the Russian research agency Autostat in November, sales of Chery vehicles jumped to 105,601 units in January-November 2023, an increase of 236% from the same period of 2022. Haval sold 96,381 cars, up 224%. Sales Geely cars soared 260% to 79,936 units.


Among light commercial vehicles, the GAZelle NEXT produced by the Russian automotive giant GAZ was the best-seller, with 53,952 units sold in 2023, while its share of the local market reached 51%, according to the Trade Ministry. It was followed by UAZ, with 19,273 cars sold.


Russia’s KAMAZ remained the best-selling truck with 28,237 new vehicles sold in 2023. It was followed SITRAK (23,811), SНACMAN (19,983), and FAW (12,565) – all produced by Chinese automakers.



Russia’s ‘Rolls Royce’ targets mass market



Russian high-end carmaker Aurus, best known for producing limos for the Russian president, is expected to broaden its range of vehicles by adding two more affordable and mass-market models, according to Deputy Prime Minister Denis Manturov.




Sales of new large executive and business class sedans will be launched in 2025, the official said on Thursday in an interview with TASS news agency.


According to Manturov, a new SUV may also appear in the same line, but not in the near future.


“They will be in a different price category, more affordable and more mass produced,” the minister said.


In December, Manturov announced that Aurus had started to assemble its luxury cars in the United Arab Emirates, and was planning to open a dealership there.


The Aurus line of premium vehicles was created in 2013 by order of the Russian Ministry of Industry and Trade, with the aim of replacing the fleet of mostly foreign-made cars used by top Russian officials. The car specs are akin to those of luxury British maker, Rolls Royce.


The brand debuted at Russian President Vladimir Putin’s inauguration in May 2017. However, it was later decided that the cars would be made available to the general public on both foreign and domestic markets.


Prices of the Aurus Senat sedan start at $443,700, and at $447,000 for the Aurus Komendant, according to the Panavto dealership.



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