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.

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