About 171,500 vehicles – this is a comprehensive assessment of data from various sources on the number of foreign cars imported into Russia in January-May 2023. That is almost five times more than in 2021, when the entire range of European, Japanese and Korean car brands was present on the Russian market. Compared to 2022, imports have increased by 2.7 times.

Now the lion’s share of imported cars – 70.5% of cars – are products of Middle Kingdom brands. Last April, the “Chinese” set a record: they were imported into Russia for almost 1 billion dollars! In total, the volume of such imports since the beginning of the year has reached USD 3.6 billion in monetary terms. The share of Chinese brands in the import of new cars and crossovers to Russia has grown from 17% to 46%, according to Kommersant.

Data on total imports of new cars into Russia for five months allow us to assume with a high degree of certainty that it will be about 410,000 units by the end of the year. Provided that there will be no significant changes in the economy and politics of our country and the world. Taking into account the fact that Russian car factories plan to assemble a total of 550,000-600,000 passenger cars by 2023, the supply in the domestic car market has every chance of reaching 1 million units by the end of this year.

About 171,500 vehicles – this is a comprehensive assessment of data from various sources on the number of foreign cars imported into Russia in January-May 2023. That is almost five times more than in 2021, when the entire range of European, Japanese and Korean car brands was present on the Russian market. Compared to 2022, imports have increased by 2.7 times.

Now the lion’s share of imported cars – 70.5% of cars – are products of Middle Kingdom brands. Last April, the “Chinese” set a record: they were imported into Russia for almost 1 billion dollars! In total, the volume of such imports since the beginning of the year has reached USD 3.6 billion in monetary terms. The share of Chinese brands in the import of new cars and crossovers to Russia has grown from 17% to 46%, according to Kommersant.

Data on total imports of new cars into Russia for five months allow us to assume with a high degree of certainty that it will be about 410,000 units by the end of the year. Provided that there will be no significant changes in the economy and politics of our country and the world. Taking into account the fact that Russian car factories plan to assemble a total of 550,000-600,000 passenger cars by 2023, the supply in the domestic car market has every chance of reaching 1 million units by the end of this year.