Di Yi Cai Jing·2026-01-28 12:36Group 1 - The core viewpoint is that the Russian automotive market is experiencing a significant decline in sales, with a total market size of 13.8 trillion rubles in 2025, down 7.8% from 2024, marking the first negative growth since 2015 [1] - In 2025, the new car market in Russia is projected to generate 4.6 trillion rubles, a decrease of 18.4% year-on-year, while the used car market is expected to reach 9.2 trillion rubles, down 1.4% [1] - The decline in the Russian automotive market is attributed to high benchmark interest rates increasing loan costs and weak market demand, along with policy changes such as increased vehicle scrappage taxes [1][3] Group 2 - In 2025, new cars will account for 33% of the market's monetary value in Russia, while used cars will represent 67%, highlighting the higher share of used cars in the market [2] - Chinese automotive brands are experiencing a decline in market share in Russia, with sales of new cars dropping to 68.5 million units in 2025, a 25% decrease, resulting in a market share reduction from 58.5% in 2024 to 51.7% [2] Group 3 - Before the Ukraine conflict, European car manufacturers dominated the Russian market, holding about 30% of the market share, while local manufacturers had only 25% [3] - Following the conflict, Western car manufacturers exited the market, allowing local manufacturers to increase their market share to 40%, while Chinese brands surged from around 5% to over 50% by 2023 [3] - In 2024, Russia became the top destination for Chinese automotive exports, but the market showed signs of decline at the beginning of 2025 due to tightening export policies and rising tariffs [3][4] Group 4 - A significant turning point occurred in 2024 when new taxes and increased scrappage fees were implemented, affecting the cost of imported vehicles [4] - The number of Chinese brand showrooms in Russia is expected to decrease significantly, with 643 showrooms closing by 2025, reflecting a cooling market for Chinese vehicles [6] - The competitive landscape for Chinese automotive brands in Russia has intensified, leading to lower profit margins and increased price competition due to market saturation [5][6]