The Russian automobile market has grown by a third

In the fall of 2024, the demand for new cars has increased markedly compared to the same period last year. Reasons: rising rates [утильсбора](https://motor.ru/news/utilsbor-01-10-2024.htm) in October and a new increase, which is expected in January 2025. Russians now not only strive to update their transport, but also consider the purchase of a new car as an investment, Izvestia writes, citing experts. Next year they predict a noticeable decline in sales.

The leader in the market is Lada Granta with an 8.9 percent share, second place is occupied by Vesta with 4.9 percent, and third is the Chinese Haval Jolion with 4.3 percent. In fourth place is Moskvich 3, whose share is 2.9 percent, in fifth place is the classic Lada Niva Legend with 2.6 percent. At the same time, the share of cars of Chinese brands, which are strengthening their positions, including due to the rapid growth of the range, has almost reached 70 percent.

After the October boom, the car market sank noticeably. In the first week of winter, it began to grow again: more than 30 thousand new cars were sold. However, demand will soon decrease significantly, experts say. The reasons are both the rise in price of the cars themselves due to the exchange rate of the ruble and the recycling fee, and the high rate of the Central Bank.

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In addition, banks have tightened requirements for borrowers and it has become more difficult to take out loans. At the same time, more than half of new cars and more than 70 percent of the “Chinese” buy on credit.

According to the baseline forecast, 1.43 million passenger cars will be sold on the Russian market in 2025, 10 percent less than in 2024. According to the pessimistic scenario, sales will not exceed the 1.3 million mark.

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