The crisis in Russia seems to have subsided, because after the recent low selling years, the latest developments in the automotive industry in Russia are positive.
The market kept growing during 2017 and 2018, after a long-lasting recession that reached its bottom by the end of 2016.
According to AEB, sales of new passenger cars and LCVs in Russia amounted to 1.8 mn in 2018 (+13% from 2017).
70% of the market of new cars is divided between 3 groups of companies: Renault-Nissan-Mitsubishi (36%), KIA-Hyundai (22%), and Volkswagen Group (12%) .
The best-selling passenger car models in 2018 were produced in Russia, both Russian brands and foreign models assembled locally.
The share of used car sales amounted to 78% in 2017.