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AVTOVAZ estimated the volume of the Russian car market in 2023

AVTOVAZ President Maxim Sokolov opened the pre-New Year season by predicting the pace and ways of further development of the domestic car market. The AvtoVzglyad portal appreciated the prophecies of the top manager.

– The Russian car market is expected to reach 800,000 cars next year according to the basic forecast. We are planning production at the level of 400,000 vehicles,” Sokolov said at the Russian Industrialist Forum exhibition.

AVTOVAZ representatives previously predicted that some 670,000-700,000 cars and light commercial vehicles would be sold in our country in 2022. Recall that according to the data of the Association of European Companies in January-October of this year, sales in Russia barely exceeded the bar of 500,000 cars. Despite the fact that for the same period in 2021, the same indicator was recorded at a level of just under 1.3 million units. A total of 1.6 million cars and light commercial vehicles were sold on the domestic car market last year.

Thus, it can be predicted with a high degree of probability that the volume of the domestic car market this year will barely reach 40% compared to the level of the previous year – that is, about 640,000 cars sold.

– The Russian car market is expected to reach 800,000 cars next year according to the basic forecast. We are planning production at the level of 400,000 vehicles,” Sokolov said at the Russian Industrialist Forum exhibition.

AVTOVAZ representatives previously predicted that some 670,000-700,000 cars and light commercial vehicles would be sold in our country in 2022. Recall that according to the data of the Association of European Companies in January-October of this year, sales in Russia barely exceeded the bar of 500,000 cars. Despite the fact that for the same period in 2021, the same indicator was recorded at a level of just under 1.3 million units. A total of 1.6 million cars and light commercial vehicles were sold on the domestic car market last year.

Thus, it can be predicted with a high degree of probability that the volume of the domestic car market this year will barely reach 40% compared to the level of the previous year – that is, about 640,000 cars sold.

Source: Avto Vzglyad

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