The Russian market for Chinese cars has faced a significant decline. The increase in the recycling fee and the high key interest rate set by the Central Bank have made loans less accessible, which hit Chinese brands particularly hard — the share of car sales through credit dropped from 80% to 20–30%. The average price of new cars has risen to 3–3.5 million rubles.
In the first quarter of 2025, new car sales in Russia fell by 25%. Chinese brands, including Haval, Chery, and Geely, lost a significant market share. Experts predict that sales in 2025 will drop to levels seen nine years ago — around 1.4 million cars.
The exit of smaller Chinese manufacturers could stabilize the market, but a potential return of Western brands may create additional competition and put pressure on prices. At the same time, Chinese automakers are preparing 2025 models with improved design and technology, which could change the situation and attract new buyers.
