Russia economy: Quick View – Car sales in 2012 reach record high


In 2012 a record total of nearly 3m passenger cars were sold in Russia.


Car sales in 2012 were 10% higher than in 2011. Although sales growth slowed sharply in the final months of 2012, Russia is set to become Europe’s second-largest car market (after Germany).

Russia’s passenger-car market had already recovered strongly in 2010 and 2011 following a slump in 2009, when car sales more than halved compared with 2008. As a result of this recovery, assisted by the government’s car scrappage scheme, annual average growth in passenger-car sales reached around 30% in 2010 and almost 40% in 2011. However, credit and real incomes will grow more slowly in the next few years than before the 2009 crisis, constraining sales growth.

Sales of AvtoVAZ cars declined by an estimated 2% in 2012 to 718,000 units, leaving the Lada brand with a market share of just over 18%. In second place was Chevrolet (US; a General Motors brand), with a market share of 7%, followed by Renault (France), Kia (South Korea), Hyundai (South Korea) and Volkswagen (Germany), each with around 6%.

Article from:

Read the full articlepdf9.93 kB

EY refers to one or more of the member firms of Ernst & Young Global Limited (EYG), a UK private company limited by guarantee. EYG is the principal governance entity of the global EY organization and does not provide any service to clients. Services are provided by EYG member firms. Each of EYG and its member firms is a separate legal entity and has no liability for another such entity's acts or omissions. Certain content on this site may have been prepared by one or more EYG member firms