Subscribe
Sales

Russians switch to used cars amid Western sanctions

Moskvich car 2022
Russia revived its Moskvich brand as Western automakers halted production and sold factories. (REUTERS)
R
By:
Reuters
February 17, 2023 10:46 AM

MOSCOW -- Spending on new cars in Russia more than halved last year as the auto industry felt the full force of Western sanctions over the conflict in Ukraine, with production plunging, prices soaring and buyers switching to cheaper used models.

Featured Stories

Auto industry innovation shines through PACE Award and PACE Pilot finalists
Auto industry innovation shines through PACE Award and PACE Pilot finalists
Honda considers making 90% of U.S. sales locally by relocating Mexico, Canada production, report says
Honda considers making 90% of U.S. sales locally by relocating Mexico, Canada production, report says
Mazda to ‘pause’ production of CX-50 for Canada amid tariff spat
Mazda to ‘pause’ production of CX-50 for Canada amid tariff spat
Stellantis said to be closing in on new CEO with shortlist of five candidates
Stellantis said to be closing in on new CEO with shortlist of five candidates

Latest News

Stellantis shareholders approve $26 million payout to ex-CEO Carlos Tavares despite protests
Groups, dealerships work to recruit more female service technicians
Mazda to ‘pause’ production of CX-50 for Canada amid tariff spat
Live updates on tariffs: Honda mulls moving production to U.S.
Staying current is easy with newsletters delivered straight to your inbox.

See More in Sales

Lexus looms in luxury sales champ BMW’s mirrors
Tariffs helped lift Q1 auto sales. How long can momentum last?
Stellantis: U.S. sales fall for 7th consecutive quarter
Q1 U.S. auto sales live updates: March SAAR hits 17.8M; Tesla falls in U.S., globally; Rivian tumbles; Stellantis’ struggles drag on; dealer program aids Nissan; GM’s banner quarter
Staying current is easy with newsletters delivered straight to your inbox.