At the same time, AvtoVAZ has a chance to be in second place.
Chinese cars, which are already competing with well-known global brands, are expected to take more than half of the Russian market this year, according to a forecast presented by the analytical agency Avtostat. At the same time the share of domestic producer Avtovaz will increase and reach 40%.
Avtostat experts published a forecast based on data showing that Chinese cars may continue to increase their share of the Russian car market given the current situation and trends.
Over the past year alone, the share of Chinese cars on the Russian market has increased from 17% to 46%. The share of domestic brands has also increased from 25% to 33%. At the same time, the share of Korean brands and models has decreased from 25% to 8%, European brands from 20% to 5%, and Japanese brands from 12% to 6%. The share of American cars remained at the level of 1%.
Last year, many foreign automakers left the Russian market for geopolitical reasons after being here for many years. However, the Chinese car industry quickly took the vacated space and continues to develop despite the sanctions. As a result, the market is beginning to revive and show signs of recovery. At the same time, the demand for domestic cars is growing. According to Igor Morzharetto, a partner at Avtostat, if the share of AvtoVAZ products is currently one third of the market, by the end of the year this figure could reach 40%.