AvtoVAZ increased its share in the Russian car market to a record 40%

In August, AvtoVAZ increased its share in the Russian car market to almost 40%, which was a record, said company president Maxim Sokolov. He claims that AvtoVAZ is ready to compete with Chinese brands, which are also increasing their market share.

“According to the results of August, Lada sales broke the historical records of the new time. If we, as a rule, occupied a share of 20–22%, sometimes up to 25% of the brand’s cars, then in August we came close to the bar of 40%,” Mr. Sokolov said in an interview with RIA Novosti.

According to him, AvtoVAZ “certainly has competitors, but time will tell who exactly.” “We see that the Haval brand is being actively promoted on the Russian market. And they are great, they produce cars in Russia. Geely, which have a joint plant with Belarusians. Expansion to our market is planned by Chery. We are ready for competition, please,” he added.

By data Association of European Businesses, AvtoVAZ sales in August fell by 7% to 18,087 units. Concern countsthat in 2023 the demand for Lada cars will reach 500 thousand. In 2024–2025 planned start production of two new Lada models.

Details – in the material “Kommersant FM” “Plans a whole conveyor”.

Laura Keffer