Russia’s Trade Ministry expects automotive gross sales to halve in 2022 because the nation’s car trade grapples with provide points, a senior official mentioned.
“We noticed a pointy fall (in automotive gross sales) in April and Could,” Tigran Parsadanyan, deputy head of the ministry’s automotive and railway engineering division, mentioned on Thursday.
“We count on that some 750,000 automobiles shall be offered in the marketplace by the top of the yr.”
That determine represents a 51 % drop in gross sales year-on-year.
The Affiliation of European Companies (AEB) mentioned on Monday that gross sales of recent automobiles in Russia in Could fell 84 % to 24,268 autos.
The AEB expects automotive gross sales to fall by a minimum of 50 % this yr.
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