03-07-2025
Russian Car Market Contracts as Interest Rates and Fees Take Toll
Russia's car market contracted in the first half of 2025 as high borrowing costs and fees put off many potential buyers, setting the industry on course to reverse two years of rebounding growth.
From January through June, sales of passenger and light commercial vehicles fell to 546,430, down 27% from the same period last year, according to the Association of European Businesses. The group also revised down their forecast for 2025 about nine percentage points to now project a 24% decrease from last year.
