Car sales in Russia collapsed by 58.8 percent in 2022, the Association of European Businesses (AEB) has said, as the industry continues to reel from the impact of Western sanctions on Moscow.
Total car sales for the year came in at 687,370, compared to more than 1.6 million in 2021, the AEB said. In the month of December, sales were down 50.2 percent.
Several Russian car makers suspended production for periods last year, as the industry struggled to source parts and establish new supply chains following the imposition of sanctions over Russia’s invasion of Ukraine.
