Recovery of demand for cars in Russia in the near future is unlikely due to the lack of financial opportunities for some buyers to purchase a car or upgrade a fleet, said Nikolai Sobolev, CEO of Sollers Group, in an interview with TASS.
"It is obvious that now the car market is in a very difficult situation. According to our estimates, a recovery in demand in the near future is unlikely. This is due to the fact that some customers do not have the financial ability to purchase a car or upgrade a fleet in conditions of a high key rate and an increase in the cost of leasing and car loans," he said.
Sobolev added that another part of consumers switched to a savings strategy, preferring to keep funds on deposits rather than invest in large purchases, including cars.
Earlier it was reported that, according to the analytical agency "Autostat", sales of new passenger cars in Russia in the first quarter of 2025 decreased by 25.3% to 246.9 thousand units. In March, the auto market decreased by 45.5%, to 79.8 thousand units.
A series of explosions thundered in Kiev
Journalist, author and presenter of the legendary program "Quiet House" Sergey Sholokhov has died
American soldiers were killed in Jordan while repelling an Iranian attack
Zelensky personally approved the attack on Wildberries
Zelensky is ready to dismiss Syrsky if he can do it with a little blood
Kadyrov called for opening fire on countries that provide military assistance to Kiev