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Russia becomes Europe’s largest car market

Rolls-Royce on display at the dealer in Moscow. Photo: Thomas Nilsen

Rolls-Royce doubled its sales in Moscow last year and the Russian car market is expected to surpass Germany within the next two years.

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Luxury car manufacturer Rolls-Royce announces opening of their second dealer in Moscow, after what the company says was a “further healthy increase in sales in first half of 2012.”  While Roll-Royce themselves will not reveal the sales figures, a sources near the car dealer in Moscow told Vedomosti that it were sold about 70 cars in 2011, Bloomberg reports. That was a doubling from the previous year.

Rolls-Royce owner BMW Group reported a 48,5 percent increase in sales in Russia in September 2012 compared with same period last year.

It is however not only luxury cars that boost sales in Russia. The general car market went up 10 percent in September with 260,000 new cars, according to an overview made by the Association of European Businesses in Russia. In total over the first nine months, the sale reached 2,187,797 cars.

In most other Europe countries, car sales are down in 2012.

China’s Geely was the car brand with largest growth in sales, up 272 percent year-on-year. European brands is also up, Audi with 57 percent, BMW with 51 percent and Jeep with 125 percent.

Lada is still Russia’s most selling car with nearly 400,000 sold units in the first nine months this year. That is down one percent compared with the same period 2011.

Jaguar sold 1,168 cars, up 44 percent and Porsche nearly doubled its sale, up to 2,685 cars.  

The sale forecast for cars in Russia is 2,85 million units by 2014, then making it the largest market in Europe.