The expert spoke about the decline in the share of auto brands from China in the Russian market

Over the past 10 months, the market share of Chinese automakers in Russia has decreased to 54%. This was announced on November 10 by Sergey Tselikov, General Director of the Autostat analytical agency. He noted that compared to the same period last year, sales of models from China decreased by 27%. At the same time, the overall market for new cars decreased by 19.9% in January –October.

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The Russian car market has set a new record and is on the verge of transformation.

According to the Autostat agency, in 2020 they accounted for only 3.8% of the new car market, but in 2021 it increased to almost 7%. By the end of 2022, despite the overall sharp drop in new car sales, the share of "Chinese" increased to almost 20%, and in 2023 it was already 51%. Last year, Chinese models accounted for more than 60% of all new passenger cars sold in our country, and in some months this figure reached up to 70%. Thus, the current decrease in the share of Chinese car companies in the Russian market has occurred for the first time in the last five years.

Of the five Chinese car companies among the ten most popular car brands in our country, only Haval managed to not only maintain, but even slightly increase its market share compared to last year — from 12 to 12.8%. Other "Chinese" showed negative dynamics. Geely suffered the most, losing 2.5% of the market. The situation is slightly better for Changan (-1.72%) and Chery (-1.17%). For the Omoda brand, the share decreased by 0.8% over the year.

Read more in the exclusive Izvestia article: Chinese retreat: Chinese automakers are losing the market in Russia