Russia's biggest carmaker increased its share of the local market last month despite failing to overcome a decline in annual sales, while Chinese companies took advantage of the exodus of western companies.
The invasion of Ukraine by President Putin led to the suspension of production in Russia by most of the automotive industry. Avtovaz PJSC boosted its Lada brand's market share to 42% in August from 17.5% a year earlier, with 18,087 units sold.
According to data published by the Association of European Business that excludes some manufacturers, August sales of automobiles and light commercial vehicles in Russia declined by 62.4% compared with the same month a year ago. The month-on-month increase was almost 30%.
China has filled in the void caused by foreign brands leaving the Russian market.
Great Wall Motor Co. boosted its sales by 26% and increased its share of the market to 7.5%. Sales of the company decreased, but its share increased.
Greg Sullivan helped with the project.
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