Belgee X50

New passenger cars in Russia are up 109.4% year-on-year in March to 146,526 units, showing Western sanctions levelled following its invasion of Ukraine are not impacting the market anymore. The year-to-date tally is up 93% to 330,692. Note: compared to last year our Russian data source has shifted to PPK JSC, which explains some inconsistencies vs. year ago figures. Lada (+64.5%) holds onto the brands top spot but sees its share fall from 34.7% a year ago to 27.2% this month. The next 9 brands are Chinese and account for 49% of the market, meaning that as a whole they are way above 50%.

Haval (+134%) reclaims the 2nd spot off Geely (+185.4%) while the rest of the Top 8 is unchanged on last month. Lixiang (+14970.8%) celebrates one year in market and stays at a record 8th place. Changan (+805.8%) is the only additional brand to beat the market, with Omoda (+93.3%), Chery (+63.7%) and Exeed (+38.4%) softer but still managing significant growth. Belgee, a joint-venture between the Belarusian government and Geely which sells rebadged Geely vehicles, points its bonnet inside the Top 10 for the first time at #9. Newcomer Jetour lodges its 2nd Top 10 finish after last October at #10.

Model-wise, the Lada Granta (+10.1%) is pushy and with a market share sliced in two year-on-year from 24.3% to 12.8%. The Lada Vesta (+2614.1%) rallies back up as production hadn’t yet resumed a year ago. The Haval Jolion (+92%) remains the best-selling foreigner at 4.4% share but trails the market slightly. The Lada Niva Travel (+30.8%) underperforms but gains one spot on February to #4. The Geely Monjaro (+2944.1%) is the best performer in the Top 10 at #5. The Chery Tiggo 7 Pro Max (+222.9%) also impresses. The Haval M6 manages its first Top 10 finish since last October at #9. 

Previous month: Russia February 2024: Chinese brands above 50%, Geely up to record #2

One year ago: Russia March/Q1 2023: Chery up to #2, Chinese surge from 8.9% to 42% share year-on-year

Full March 2024 Top 10 brands and Top 10 models below.

Russia March 2024 – brands:

PosBrandMar-24%/23Feb2024%/23PosFY231Lada  39,90827.2%+ 64.5%190,87027.5%+ 43.2%112Haval16,04511.0%+ 134.0%337,63911.4%+ 135.1%233Geely 15,00410.2%+ 185.4%236,26411.0%+ 202.7%344Chery 13,1599.0%+ 63.7%431,8939.6%+ 56.4%425Changan9,3306.4%+ 805.8%520,2166.1%+ 1023.7%556Exeed4,6643.2%+ 38.4%610,8433.3%+ 49.1%667Omoda4,6323.2%+ 93.3%710,4233.2%+ 92.8%778Lixiang3,6172.5%+ 14970.8%88,0492.4%+ 19531.7%8n/a9Belgee2,7321.9%newn/a4,2601.3%newn/an/a10Jetour2,6161.8%newn/a5,0811.5%new10n/a

Russia March 2024 – models:

PosModel Mar-24%/23Feb2024%/23PosFY231Lada Granta18,72712.8%+ 10.1%142,01512.7%– 4.6%112Lada Vesta11,1557.6%+ 2614.1%223,7007.2%+ 1950.2%243Haval Jolion6,3874.4%+ 92.0%315,7704.8%+ 120.1%324Lada Niva Travel5,2133.6%+ 30.8%512,6063.8%+ 20.6%535Geely Monjaro5,1753.5%+ 2944.1%413,6544.1%+ 6371.1%4106Chery Tiggo 7 Pro Max5,1513.5%+ 222.9%712,1963.7%+ 314.3%757Lada Niva Legend4,7723.3%+ 76.6%612,2473.7%+ 71.0%668Omoda C53,7612.6%+ 57.0%98,7722.7%+ 62.3%889Haval M63,4682.4%newn/a8,0302.4%newn/an/a10Chery Tiggo 4 Pro3,2412.2%+ 40.4%88,5912.6%+ 134.1%99

Source: PPK JSC