Luxury Car Sales in Russia Fall for the First Time in 14 Months

2024-06-24 // LePodium.NET
Sales of luxury cars in Russia have declined by 22% in May compared to the same month last year, marking the first year-on-year decrease in 14 months.

According to analysts, the negative trend was only observed in March 2023 (-42%), while there was growth from April of last year until April of this year (except for January 2024 when volumes remained the same as in January 2023).

The best-selling luxury cars in May were the Bentley Bentayga (11 cars), Lamborghini Urus, and Rolls-Royce Cullinan (six and five cars respectively).

In the first five months of this year, sales of luxury cars in Russia reached 230 units, which is 24% higher than in January-May of last year.

Earlier in the day, automotive expert Valery Antyufyev stated that the most problematic crossovers are those from Land Rover Discovery from 2004 to 2017. Owners of these SUVs face frequent malfunctions, high servicing costs, and expensive repairs.

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