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Russian Car Sales Drop Record 79% as Automakers Leave

  • Just 32,706 cars were sold in April, according to the AEB
  • Most foreign car companies left Russia after Ukraine invasion
Updated on

Russian car sales plunged the most on record last month as sanctions undermined domestic production and most foreign automakers suspended operations in the wake of President Vladimir Putin’s invasion of Ukraine. 

Sales fell 79% to 32,706 vehicles in April compared to a year earlier, the Association of European Businesses said in a statement Wednesday. That is the biggest drop since the European trade group began reporting the data in 2006. The April figures didn’t include sales from BMW AG, Mercedes-Benz AG or General Motors Co.