Secondhand car sales have risen by 17.4% in Russia in May

Secondhand car sales have risen by 17.4% in Russia in May

RBK  – 419,200 used cars have been sold in Russia in May 2016, as published by the analytical agency Autostat. The figure indicates a 17.4% year-on-year increase. Russian secondhand car market has amounted to 2,015,200 vehicles by the end of the first five months, following a 10.7% growth.

As usual, Lada models have become the most popular models in the secondhand market last month. A total number of 119,800 Lada vehicles were sold in March (+5.5%). 569,900 secondhand Lada have been sold within the first five months of the year, on the other hand, which is equivalent to a 0.4% year-on-year decline.

Japanese brand Toyota occupies the second place according to last month’s sales figures, with 48,200 vehicles. Toyota sales have risen by 24.7% year-on-year. The top-three is completed by Nissan. 22,100 secondhand Nissan vehicles have been sold in Russia in May (+23.3%). Chevrolet (20,500, +27.1%) and Hyundai (20,100, +37.3%) follow the top sellers.

“A rapid change is being observed in the model structure of secondhand market, foreign vehicles such as; Hyundai Solaris (+75.6% compared to the first five months of 2015) and KIA Rio (+54.6%), achieving the most dynamic and fastest growing sales volumes. Lada Granta sedan is also amongst the models in demand (+65.1%). The increase in the second-hand sales of the aforementioned models is due to the fact that they were the leaders of the new automobile market a few years back, equivalent to the average period of time the first owners tend to change their vehicles” – as stated by Autostat.

In the meantime, the decline in new passenger car market has accelerated to 14.5% in May from 8.5% in April, according to the Association of European Businesses Car Manufacturers Committee. 107,665 new automobiles have been sold in Russia last month, which is 18,203 units lower than May 2015.

Lada has become the leading brand in car sales in May, with 20,597 vehicles. The figure indicates a 10% year-on-year shrinkage (22,857 units). KIA occupies the second place, climbing up from being third in April. The sales of the South Korean brand fell by 3% in Russia in May, to 11,997 vehicles.