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New car sales in Russia plummeted by nearly 84% in May
Auther: Pubdate:2022-06-08

According to foreign media reports, the Russian auto industry has stagnated due to the sanctions of western countries and international isolation. In May, the sales of new cars in Russia plummeted by nearly 84% year-on-year.

According to the data of the association of European businesses, the vehicle sales in Russia last month were less than 25000, the lowest level since 2006, and less than one tenth of the peak monthly sales.

Since the escalation of the situation in Russia and Ukraine, the United States and its allies have successively announced sanctions against Russia. For the Russian automobile industry dominated by foreign automobile manufacturers, the above sanctions have had a very serious negative impact, causing many foreign enterprises to suspend their operations and import business in Russia, and the heavy reliance on imported parts has also made the situation worse.