25.12.2020 / The market of expensive cars is shrinking

According to Russian Automotive Market Research, in November 2020, sales of new cars in the premium segment decreased by 9%, while demand in the luxury segment fell by 34% on November 2019.

Over the first 11 months of 2020, the market of premium and luxury brands decreased by 5% and 8% to 130.45 thousand units and 0.7 thousand units, respectively. Against the background of the noticeable decline in demand, a number of brands showed increase in sales.