Russian car market has increased by 4% in 2021

Russian car market has increased by 4% in 2021


RusAutoNews.-  Russian car market has increased by 4.3% in 2021 in comparison with the previous year, as announced by AEB.

According to the AEB data 1,666,780 light vehicles have been sold in 2021 in Russia, 67,955 units more than in 2020. Among them 130,691 unites LCVs; 788,278 units SUVs; 10,014 units pick-ups and 1,001units battery electric vehicles.

In December 2021, sales of new cars and light commercial vehicles have decreased by 19.9% compared with December 2020, and amounted to 133,470 vehicles.

Lada was again the most populer brand of the Russian car market in 2021 with 350,714 units sold, indicating 2% year-on-year rise. Lada Vesta was the most popular car model with 113,698 units sold in 2021 in Russia.

Dr. Thomas Staertzel, Chairman of the AEB Automobile Manufacturers Committee has commented: “The year 2021 demonstrated 4,3% growth in new passengers and light commercial vehicles as compared to 2020. In total 1,666,780 cars and LCVs were sold. However the positive figures 2021 result from the growth dynamics of only the second quarter 2021 versus the same period of 2020 with lockdown effects.

The negative trend of the last two quarters ended up in December with a huge decrease of 19.9%. In December 2021, only 133,470 cars were sold. All this is a result of negative market effects of global factors, such as deficit of electronic components, logistics problems, supply chains breaks, increase in costs of materials, etc. There is no sign of a rapid improvement of the situation.

Since 2015, the Russian automotive market is quite stable remaining between 1,4 and 1,8 mn vehicles.

Assuming that all the negative factors will not be resolved during the main part of 2022, the Committee believes that the car market will not change much and forecasts an increase of 3,3% with the total sale of cars and LCVs of 1 722 000 units.”

Please see the AEB press release for detailed Russian car market figures.