Russian new passenger car market grows 69% YoY in 2023 to 1.06 mln units - Autostat

MOSCOW. Jan 10 (Interfax) - Sales of new passenger cars in Russia in 2023 increased 69% YoY on last year's low base to 1.06 million units, analytical agency Autostat reported, citing data from JSC Passport Industrial Consulting, which is a joint venture of the agency and the JSC Electronic Passport manufacturer's certificate of origin operator.

The statistics include data for sales of car brands on the official market as well as parallel imports, which made up nearly 15% of the market for the entirety of last year.

In December last year, 119,454 cars were sold in Russia, which is a 2.1-fold increase YoY and 8.9% more than in November 2023.