June 10 (Reuters) – Russia’s Industry Ministry expects car sales to halve in 2022 as the country’s automobile industry grapples with supply issues, a senior official said.
“We saw a sharp fall (in car sales) in April and May,” Tigran Parsadanyan, deputy head of the ministry’s automotive and railway engineering department, said on Thursday.
That figure represents a 51% drop in sales year-on-year.
The Association of European Businesses (AEB) said on Monday that sales of new cars in Russia in May slid 83.5% year-on-year to 24,268 vehicles. It expects car sales to fall by at least 50% this year.
Reporting by Reuters
