RUSSIAN CAR SALES JUMP IN SEPTEMBER AS CHINESE BRANDS EXPAND MARKET SHARE

Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat said on Wednesday, with Chinese brands expanding their market share.

Russia's auto industry was heavily reliant on investment, equipment and parts from overseas and hit hard by the fallout from Western sanctions over Russia's invasion of Ukraine, with sales plunging 59% in 2022 and many foreign automakers leaving the country.

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