Nearly 300 new dealerships have opened in the country so far this year following an exodus from Western brands, the data shows.
Chinese car dealerships have been opening in Russia at a record pace, RIA Novosti reported this week, citing analysis by Otkrytiye Auto. Since the start of the year, the number has increased by almost 300 to 936, according to the report.
“Russian car retailers have never seen such rapid growth in the number of Greater China car dealerships, which happened this fall,” Otkrytiye Auto experts said, noting that 185 showrooms opened from July to November.
The leading brand among new dealerships was Exeed with 48. A total of 47 new franchises of the new Omoda brand also opened, while Chery is now the top Chinese brand with 167 dealerships in Russia.
Geely also increased the number of its car dealerships by a third in just 10 months, with 44 new openings, bringing the company’s total number of dealerships in Russia to 133.
The number of FAW and Changan dealerships has also increased.
“Other Chinese brands that did not enter the top 10 include new brands Voyah and Skywell, which have already opened three new stores this fall, as well as GAC, with a new outlet,” says the report.
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The popularity of Chinese automobiles in Russia has grown amid the exodus of European, American and Japanese brands. Many automakers have struggled to continue operations in the country due to logistical disruptions resulting from Western sanctions, after deliveries of cars and spare parts to Russia were halted.
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