AvtoVAZ, Russia’s greatest automaker, elevated its share of the native market final month regardless of failing to beat a decline in annual gross sales, whereas Chinese language firms additionally took benefit of an exodus of western firms.
Virtually all automakers working in Russia stopped manufacturing within the nation after President Vladimir Putin’s invasion of Ukraine led to sanctions that crimped provides of components.
AvtoVAZ, which resumed manufacturing in June, boosted market share of its Lada model to 43.4 p.c in August from 17.5 p.c a 12 months earlier with 18,087 items bought.
August gross sales of vehicles and lightweight business automobiles in Russia declined by 62 p.c towards the identical month a 12 months earlier in contrast with a decline of 75 p.c in July, in accordance with knowledge revealed Tuesday by the Affiliation of European Enterprise that exclude some producers.
Month-on-month they rose by nearly 29 p.c to 41,698 items.
China’s Nice Wall boosted gross sales of its Haval model by 26 p.c and elevated its share of the market general to 7.5 p.c versus 2.1 p.c the earlier 12 months.
Whereas gross sales of Geely Vehicle Holdings declined by 8.1 p.c, its share elevated to 4.8 p.c.