Russian car market has increased by 7% in July 2020

Russian car market has increased by 7% in July 2020

RusAutoNewsCom. – As announced by the AEB Automobile Manufacturers Committee, Russian car market has increased by 6.8%, or by 9,097 units year-on-year in July 2020, and amounted to 141,924 vehicles.

Within the January – July period of this year 742,681 cars were sold in total, 177,682 units or 19.3% less then last year’s figure.

Thomas Staertzel, Chairman of the committee has commented: “With an increase of 6.8%, July is the first month this year with significant growth versus the previous year, which shows signs of the long awaited recovery. This strong performance is fired, on the one hand, by the deferred demand of the previous months of closed operation and, on the other hand, by the weakening Ruble. The current year-on-year July results show decrease of 19.3%, which is below the AEB 2020 forecast of -23.9%. The good sales results of the Russian car market are also supported by the governmental measures. The sales increase of some brands could be even higher without car stock deficiency linked to the production lock-downs during spring. For the premium market, even better sales dynamics can be assumed. Current predictability is low due to unknown development of the currency, potential price measures, economic and financial effects and even new potential lock-downs linked to the pandemic situation, which might make further governmental support very important for dealers and manufacturers.”

Lada was the most populer brand of the Russian car market in July with 31,180 units sold, followed by KIA with 18,038 units and Hyundai with 14,319 units. Lada Granta was the most popular car model in July with 11,450 units sold.

Top 10 best-selling car brands in July 2020:

1-Lada. 2-Kia. 3-Hyundai. 4-Skoda. 5-Renault. 6-Volkswagen. 7-Toyota. 8-Nissan. 9-GAZ LCV. 10-UAZ.

Top 10 best-selling car models in July 2020:

1-Lada Granta. 2-Lada Vesta. 3-Hyundai Creta. 4-Kia Rio. 5-Volkswagen Polo. 6-Skoda Rapid. 7-Hyundai Solaris. 8-Kia Sportage. 9-Lada Largus. 10-Volkswagen Tiguan.

All 10 models are manufactured in Russia.

Please see the AEB Press-Release for detailed Russian car market figures.