Chinese Car Sales Capture Over Half of Russian Market, But Growth Stalls
• Chinese car sales in Russia leveled off at 60,000 units a month after peaking in August, capturing over 50% market share • Sales boosted by Western automakers exiting Russia due to sanctions, but local production also recovering • Pent-up demand for cars largely satisfied; market faces limits to further growth • Car sales and production still far below pre-invasion levels, unlikely to recover fully soon • Weak rouble, high interest rates, and U.S. sanctions dampening outlook for Russian car market