Russian car sales down 58.8% in 2022 as sanctions hit auto industry hard

  • 📰 FoxBusiness
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses (AEB) said on Thursday.

Author of"The Coming Collapse of China" Gordon Chang joins 'Cavuto: Coast to Coast' to discuss the partnership between Russia's Vladimir Putin and China's Xi Jinping, a potential spring meeting and Biden's attitude towards China

Car sales in Russia collapsed by 58.8% in 2022, the Association of European Businesses said on Thursday, as the industry reels from the impact of Western sanctions on Moscow.production for periods of last year as the industry struggled to source parts and establish new supply chains following the imposition of the sanctions over Moscow's military actions in Ukraine.

This photograph taken on January 5, 2023, shows car passing along a street leaving a light trails in front of a Stalin-era building in Moscow. "The issues with sanctions and unprecedented pressure on the Russian market on all fronts, of course, could not but affect the automotive industry," the head of the AEB's automobile committee, Alexey Kalitsev, said in a briefing.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

This is bad news for people who sell cars. Oh well.

Well that and considering young males would make up a large percentage of car buyers in Russia, are busy getting slaughtered in Ukraine, atm.

So 🇷🇺 is doing there part for climate change! 😂

So sad. At least they didn't have missile through their bedrom!!

Who doesn’t give a F*€? This guy

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 458. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines