The downward trend continues: Sales of new cars have begun

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In April, sales of new cars plummeted in Russia after the country was hit by numerous international sanctions due to the invasion of Ukraine on February 24, informs Digi 24, which quotes The Moscow Times.

Thus, only 32,706 units were sold last month in Russia, down by more than 78% from the figures recorded in April 2021. Last month’s decrease comes after sales fell by 60% in March.

The collapse of car sales in Russia comes after President Vladimir Putin’s decision to send troops to Ukraine on February 24th.

Sales of the most popular and affordable Russian brand, Lada (owned by Autovaz, which is largely owned by the Renault-Nissan group) fell by 78%.

French carmaker Renault is facing huge pressure to boycott Russia after the invasion of Ukraine and there are rumors that it is in talks to sell its stake in Autovaz.

At the same time, many brands stopped selling their cars and components in Russia, including Audi, Honda, Jaguar and Porsche. At the same time, some manufacturers have stopped producing cars in factories owned in Russia: BMW, Ford, Hyundai, Mercedes, Volkswagen and Volvo.