Only 11 foreign car brands left in Russia

By the end of 2022, only 14 out of 60 brands remained on the Russian car market, RIA Novosti writes with reference to the Russian Automobile Dealers Association.

Of the 14 brands remaining in RUSSIA, only three are domestic: Lada, GAZ and UAZ. The rest are Chinese: Chery, Geely, Haval, Jac, Faw, Dongfeng, Changan, Exeed, Gac, Foton, Omoda.

Since the spring of this year, after Russia launched a special military operation in Ukraine, most Western companies, including automotive companies, began to leave the Russian market. For example, in March, American Ford suspended work in Russia. Not only production was suspended, but also the supply of parts, engineering and it support, the press release notes. In October, Ford withdrew from a joint venture with the Russian automotive group Sollers, selling its non-controlling stake (49%) in the company to its Russian legal entity.

And the German automaker Volkswagen intends to sell its Russian assets to Porsche, Scania and MAN within a year. In early March, Volkswagen stopped the production of cars and the supply of foreign-made cars to Russia. The company also stopped production at the facilities of the GAZ group in Nizhny Novgorod.