Sales of Chinese cars skyrocket in Russia amid Ukraine conflict

Almost 40 per cent of all new cars sold in Russia this year were made in China – after numerous auto-makers exited the country after its invasion of Ukraine.

Russia’s invasion of Ukraine has inadvertently led to sales of Chinese cars soaring in the country – but the overall market has weakened following the exit of more than half a dozen auto giants.

In March 2022, car-makers such as Ford, Mercedes-Benz, Toyota, Honda, BMW, Nissan and Renault suspended operations in Russia due to parts supply interruptions caused by the invasion of Ukraine.

Between April and November 2022, the aforementioned brands either sold their Russian factories or stopped exporting vehicles to the country in response to the invasion.

French brand Renault reportedly sold its 68 per cent stake in Russian car-maker AvtoVAZ (parent company of Lada) for just 1 ruble – equivalent to $AU0.02 at the time.

With the ‘Western’ brands all but out of the country, automotive analysis firm Autostat reports Chinese-made cars accounted for 38 per cent of Russia’s new-car sales in January 2023 – up from just 10 per cent in January 2022.

GWM and Haval are two of the most popular Chinese car-makers in Russia

Lada and its parent company GAZ have led to Russian-made cars leading the sales race – holding a 41 per cent market share in the opening month of 2023, compared to 20 per cent in the January prior.

In the same 12-month period, sales of cars imported from European countries fell from 27 to six per cent, while the number of South Korean-made vehicles sold dropped from 24 per cent to nine per cent.

While the market share gains can be seen as a major win for the Russian and Chinese automotive industries, overall sales of new cars in Russia have reduced significantly since the invasion of Ukraine.

According to new-car sales data from MarkLines, approximately 687,000 new vehicles were sold in Russia throughout 2022 – representing a 59 per cent drop on the 1.67 million sales in 2021.

Lada continues to dominate Russia’s new-car sales sharts

From the beginning of January until the end of February 2023, Russia’s new-car market has reduced by 62.5 per cent year-on-year, with MarkLines reporting 74,350 sales so far this year, compared to more than 198,000 in the first two months of 2022. 

Among the biggest winners are Chinese car-makers Haval (up 46 per cent), Geely (up 87 per cent), and Great Wall Motors/GWM (up 494 per cent).

In Australia, 26,111 Chinese-made cars were reported as sold between the start of 2023 and the end of February, surpassing South Korea (24,852 sales) to become the third-largest country of origin for cars sold in Australia – behind only Japan (48,343 sales) and Thailand (38,998 sales).

Last year, 122,845 cars manufactured in China were sold in Australia – a record which could be surpassed as year-to-date sales of the vehicles have increased by 107 per cent.

The post Sales of Chinese cars skyrocket in Russia amid Ukraine conflict appeared first on Drive.

Komentar

Posting Komentar

Postingan populer dari blog ini

Teacher accused of using rented Toyota Supra for land-speed record attempt

Gambar
A high-school teacher in the US could be more than $6000 out of pocket if he is found to have violated the terms of use of a rented Toyota Supra driven to a top speed record. A US high school teacher is facing legal action – and $US4000 ($AU6000) in costs – after being accused of renting a turbocharged Toyota Supra performance coupe from a car-sharing service and used the vehicle in a racing competition without the owner’s knowledge. The high-school teacher from Indiana – and his team of female mechanic students – were on their way to compete in the 2023 U.S. Mile land-speed trials in Texas last month. The girls and their teacher had built a high-performance Chevrolet S10 pick-up for the ‘Texas Mile’ – a competition which sees vehicles try to achieve the highest possible speed from a standing start within one-mile (1.6km) on a runway. However, the 1997 Chevrolet S-10 ute suffered a mechanical failure on the way to the event. Due to the hard work put in to make the 1800km j...
Baca selengkapnya

2023 Toyota HiLux GR Sport imagined with this artist impression

Gambar
The new flagship of the Toyota HiLux range was caught on camera in Thailand late last year wearing little disguise. Now we have created an artist impression of what it could look like. Last month we got our first look at a camouflaged version of the 2023 Toyota HiLux GR Sport , the flagship ute set to replace the range-topping Toyota HiLux Rugged X in Australian showrooms later this year. Now we have an artist impression of the 2023 Toyota HiLux GR Sport (pictured above) that aims to remove some of the camouflage of the test vehicle caught on camera in Thailand mid-December 2022. As previously reported, although other versions of the Toyota HiLux GR Sport have been launched in Europe, South Africa and Japan over the past year or so, the 2023 edition appears to be the most aggressive yet. The latest Toyota HiLux GR Sport is set to come to Australia for the first time, though timing of the international unveiling and showroom arrivals are yet to be announced. A series ...
Baca selengkapnya

2023 LDV T60 Max price and specs: Prices up by more than $4000

Gambar
The LDV T60 has been hit with its second major price rise in 12 months to account for new equipment – but the ute still lacks key advanced safety tech. 2023 LDV T60 Max pricing and specifications New equipment for Pro and Luxe grades Only top 10 dual-cab ute without auto emergency braking Priced from $38,990 drive-away for ABN holders 2023 LDV T60 Max Luxe The updated 2023 LDV T60 Max has arrived in Australia with a $4000 price rise and some equipment upgrades – but it still lacks advanced safety technology which is standard in its rivals. LDV Australia has announced the T60 Max 4×4 ute has undergone a handful of tweaks for 2023 after its major facelift (and $5000 price hike) last year – resulting in a price increase of $4000 across the range for buyers with an ABN. But Australia’s ninth best-selling ute continues to forgo advanced safety tech such as forward collision warning, blind-spot monitoring and autonomous emergency braking – making the T60 the the only du...
Baca selengkapnya