Sales of new passenger cars in 2022 may fall by 28-50%

Sales of new passenger cars in Russia in 2022 may range from 760,000 to 1.09 million units, according to a review by the consulting company Trust Technologies (PwC’s assignee in Russia). This corresponds to a market decline in the range of 28 to 50%.

“The implementation of the forecast will depend mainly on the macroeconomic environment and the preservation of state support measures, including through lending,” analysts say. In this case, 1.09 million cars will be sold in Russia, of which 227,000 will be domestic brands, 688,000 will be foreign cars assembled in Russia, and 175,000 will be imported.