70% of the Russian car market is owned by Chinese brands

reported Mehr reporter quoted Tas, Artem Sokolov, an expert of the institute Ovito Ottoy of Russia, stating that 70% of the country’s car market is owned by Chinese brands, said: of course, domestic brands have achieved their targeted production capacity.

He said: the share of Russian brands is 22% of the total car market of this country.

A noteworthy point is that the share of Russian brands in the total Russian car market was 15% 12 months ago and has now increased to 22%, which indicates a growth of about 50% in car production in Russia is within a one-year period.

The average car price in this country also decreased by 5%, reaching 3.4 million rubles, equivalent to 32 thousand dollars, in October of this year.

Anton Alikhanov, Minister Russian industry and trade announced that the share of foreign brands in the Russian car market is equal to 60%.