Russia February 2024: Chinese brands over 50% share, Geely up to record #2
The new Geely Monjaro ranks #4 in Russia in February.
The Russian new car market is up 85.1% year-on-year in February to 103,954 units but off -9.1% on February 2022. Year-to-date volumes are up 81.7% to 184,166 and down -10.6% on 2022. Note: compared to last year our Russian data source has shifted to PPK JSC, which explains some inconsistencies vs. year ago figures. Lada (+33%) still leads the way but vastly trails its home market and sees its share freefall from 38.4% in February 2023 to 27.6% now. The vacuum is filled by Chinese brands which sport the next 8 brands, increasing their footprint in the country again this month. The 8 Chinese brands present in this month’s Top 10 account for 49.5% of the market which means they surpass 50% overall.
Geely (+276.5%) is up to #2 overall for the first time, overtaking sister brand Haval (+133.7%). Chery (+45.4%) is softer at #4 while Changan posts a surreal gain at +1169.7%. Exeed (+63.4) and Omoda (+71.4%) also can’t quite catch up on the market growth rate. Newcomers Lixiang and Tank repeat on their January positions just as Toyota (+13.6%) returns to the Top 10 after a three-month absence.
Over in the models lane, the Lada Granta is the only Top 10 member to see its volume drop year-on-year at -13.7% and sees its share implode from 27% in February 2023 to just 12.6% this month. The Lada Vesta is up an extravagant +1970.2% as its production had not yet resumed a year ago. The Haval Jolion (+123.6%) holds onto the title of best-selling foreigner at #3 but the new Geely Monjaro is catching up. The Lada Niva Travel (+18.7%) and Niva Legend (+74.6%) lose share vs. last year but the Chery Tiggo 7 Pro Max (+292.8%) and Tiggo 4 Pro (+228.6%) both shoot up.
Previous month: Russia January 2024: Geely Monjaro repeats at #4, Lixiang up to record #8
One year ago: Russia February 2023: Haval, Geely stun in market off -62.1%
Full February 2024 Top 10 brands and Top 10 models below.
Russia February 2024 – brands:
PosBrandFeb-24%/23Jan2024%/23PosFY231Lada 28,67327.6%+ 33.0%150,96227.7%+ 30.0%112Geely 12,26211.8%+ 276.5%321,26011.5%+ 216.3%343Haval11,97411.5%+ 133.7%221,59411.7%+ 135.9%234Chery 9,9339.6%+ 45.4%418,73410.2%+ 51.7%425Changan5,9935.8%+ 1169.7%510,8865.9%+ 1315.6%556Exeed3,4213.3%+ 63.4%66,1793.4%+ 58.4%667Omoda3,1233.0%+ 71.4%75,7913.1%+ 92.5%778Lixiang2,6912.6%new84,4322.4%new8n/a9Tank2,0312.0%new93,7642.0%new9n/a10Toyota 1,6341.6%+ 13.6%n/a2,7881.5%+ 14.7%1010
Russia February 2024 – models:
PosModel Feb-24%/23Jan2024%/23PosFY231Lada Granta13,06712.6%– 13.7%123,28812.6%– 13.9%112Lada Vesta7,1636.9%+ 1970.2%212,5456.8%+ 1583.9%243Haval Jolion5,0394.8%+ 123.6%39,3835.1%+ 144.3%324Geely Monjaro4,8304.6%new48,4794.6%new4105Lada Niva Travel4,1714.0%+ 18.7%77,3934.0%+ 14.4%636Lada Niva Legend4,1444.0%+ 74.6%57,4754.1%+ 67.6%567Chery Tiggo 7 Pro Max3,7633.6%+ 292.8%67,0453.8%+ 422.2%758Chery Tiggo 4 Pro2,7672.7%+ 228.6%95,3502.9%+ 293.1%899Omoda C52,6802.6%+ 47.1%105,0112.7%+ 66.5%10810Geely Coolray2,6652.6%+ 49.0%85,3382.9%+ 49.0%97
Source: PPK JSC