Russia: sale of expensive cars has abruptly collapsed

The premium segment accounted for only 5% of all cars sold in Russia last month, against traditional 9-10%, the Kommersant newspaper.

As notes, according to the results of May, 1.5 thousand new premium cars were sold in the country, which is 89% less than a year earlier, and 45% less than in the previous month. At the same time, the basis of the segment was the German Mercedes-Benz and BMW, other European brands, as well as the Japanese Lexus, Korean Genesis and General Motors (GM).

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Earlier, the Committee of Automobile Producers of the European Business Association (AEB) calculated that sales of new cars and light commercial (LCV) cars in Russia fell in April 2022 by 83.5% in annual comparison (after a drop in 78.5% in April and 62.9% in March) up to 24.268 thousand units. In January -May of this year, sales were reduced by 52% in an annual comparison – to 318.114 thousand cars

Already hundreds of foreign companies, including manufacturers of famous world automobile brands, announced temporary or complete “care” from the Russian market.