New car market in Russia: December 2024 figures are released

According to the AEB Automobile Manufacturers’ Committee, total sales of new passenger cars and light commercial vehicles in 2024 amounted to 1 471 568 units excluding alternative supply channels, which is 56% higher than the result of 2023.

At the same time, including alternative supply channels, the market volume amounted to 1 650 658 units, demonstrating an increase of 46%, according to information on sales of new vehicles based on data on their transfer to owners, provided by JSC PPC*. According to the data received, 133 867 cars were sold in December 2024, which is only 3,7% higher than the result of the same period in 2023.

Chairman of the Automobile Manufacturers Committee, Alexey Kalitsev comments:
“2024 showed rapid growth, which slowed down by the end of the year. As we have repeatedly stated throughout the year, such a sales result is due to deferred demand, as well as buyers' reaction to a potential reduction in imports and an increase in their financial burden. Generally speaking, there are opposing trends in the market: the share of local production has not grown, while official imports increased. Next year, we expect a correction in the market structure towards an increase in local production, since key decisions in that regard have already been made and are being implemented. As such, if current conditions persist, in 2025, the market may shrink to 1.4 million, including all supply channels, i.e., by approximately 15%. Demand support programmes from the state will be of particular importance for the automotive industry."

Additional information is available on the AEBRus website.

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