In Russia, the production of passenger cars "collapsed" by 85%

In Russia, the production of passenger cars "collapsed" by 85%

The Russian Federation produced 20 thousand cars in May. The decline in production compared to last year was 85.4%. In total, 264 thousand cars were produced at Russian plants for the first five months of 2022, which is 47.4% less than the same period last year. This is reported by Rosstat.

 

In May only two enterprises have been working relatively stably - Haval plant in Tula region and Avtotor plant which assembles Kia and Hyundai. Many other car plants were idle due to a shortage of components, as well as a sharp decline in consumer demand for new cars.





The Russian Federation produced 20 thousand cars in May. The decline in production compared to last year was 85.4%. In total, 264 thousand cars were produced at Russian plants for the first five months of 2022, which is 47.4% less than the same period last year. This is reported by Rosstat.

 

In May only two enterprises have been working relatively stably - Haval plant in Tula region and Avtotor plant which assembles Kia and Hyundai. Many other car plants were idle due to a shortage of components, as well as a sharp decline in consumer demand for new cars.