Russian vehicle sales plunged by 63 percent in March as sanctions imposed over the invasion of Ukraine battered the ruble and many global auto companies joined a boycott of the country, leaving buyers confronting sparse showrooms.
A total of 55,129 new cars were sold in March, the Association of European Businesses said on Wednesday. Russia's first-quarter sales were down 28 percent to 277,332 units, according to AEB.
Sales of Lada cars, Russia's top-selling brand, fell 64 percent in March. No.2 Kia and No. 3 Hyundai both saw volume fall by 68 percent. Renault at No. 4 was down 65 percent and No. 5 Toyota declined by 69 percent.