23.04.2020 / Financial results of car sales in the first quarter of 2020

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I _Financial%20results%20of%20car%20sales% n the first quarter of 2020, new cars on 650 billion rubles were sold in the Russian market, which was a 27.0% rise on the first quarter of 2019.

The capacity increase was due to not only sales growth, but rising weighted average prices for new cars by 8.9%.

New car weighted average prices and market revenue,
January-March 2020/2019

Indicator	2019 (January-March)	2020 (January-March)	Change, %
Weighted average price, rubles	1 589 203	1 730 310	8.9
Market capacity, million rubles	512 310	650 432	27.0

Source: Russian Automotive Market Research

Capacity of the used car market amounted to 688 billion rubles in January-March 2020 (+11.7%).

For the reporting period weighted average prices for used cars grew by 5.4% year-on-year to 573 769 rubles.

Used car weighted average prices and market revenue,
January-March 2020/2019

Indicator	2019 (January-March)	2020 (January-March)	Change, %
Weighted average price, rubles	544 305	573 769	5.4
Market capacity, million rubles	616 096	688 334	11.7

Source: Russian Automotive Market Research

New car market

In the first quarter of 2020, the best financial result belonged to KIA. For the reporting period, Russians spent 71.5 billion rubles on cars of this brand.

The second place by financial results was occupied by TOYOTA, dealers of which sold new cars on 65.7 billion rubles.

MERCEDES-BENZ also entered TOP-3 by the market capacity with a result of 58.1 billion rubles.

New car weighted average prices and market revenue,
ТОР-15 brands, January-March 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
KIA	1 342 807	1.8	71 527	29.7
TOYOTA	2 525 168	0.7	65 743	30.5
MERCEDES-BENZ	5 827 032	0.4	58 113	20.0
HYUNDAI	1 355 575	8.9	57 026	31.9
LADA	719 120	5.5	54 948	12.0
BMW	5 207 290	29.3	53 229	59.7
VOLKSWAGEN	1 624 138	1.0	40 654	28.6
SKODA	1 633 736	11.0	33 052	43.9
RENAULT	999 955	9.0	31 887	20.1
NISSAN	1 704 913	7.4	31 287	28.4
LEXUS	4 455 952	1.9	20 422	27.7
MITSUBISHI	2 227 168	3.5	19 479	3.8
AUDI	3 960 291	2.5	17 885	51.5
MAZDA	2 141 227	10.3	16 511	36.0
LAND ROVER	6 477 905	8.4	13 623	21.3

Source: Russian Automotive Market Research

In January-March 2020, Moscow residents were leaders by funds spent on new cars – 143.7 billion rubles.

TOP-3 regions by market revenue also included the Moscow region and Saint Petersburg, residents of which purchased cars on 58.3 billion rubles and 57.6 billion rubles, respectively.

New car weighted average prices and market revenue,
ТОР-15 regions, January-March 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	2 523 980	8.5	143 695	16.1
Moscow region	1 901 604	12.3	58 326	32.6
Saint Petersburg	2 085 539	12.5	57 648	31.6
Krasnodar region	1 753 737	7.4	26 104	20.3
Tatarstan Republic	1 457 793	12.0	24 457	32.1
Sverdlovsk region	1 589 277	10.8	19 103	32.2
Bashkortostan Republic	1 336 802	11.2	18 050	36.9
Samara region	1 355 168	5.8	16 296	32.1
Rostov-on-Don region	1 607 724	10.3	15 251	29.7
Chelyabinsk region	1 470 654	10.7	14 893	37.5
Nizhny Novgorod region	1 546 700	8.6	14 290	41.7
Perm region	1 393 947	9.9	10 436	22.1
Khanty-Mansi AR	1 588 613	8.9	9 864	26.0
Voronezh region	1 473 474	11.4	9 581	30.9
Stavropol region	1 451 887	9.1	9 516	20.4

Source: Russian Automotive Market Research

Used car market

TOYOTA was the leader among used cars in the first quarter of 2020: Russians spent 97.8 billion rubles on cars of this brand.

It was followed by LADA and MERCEDES-BENZ. For the reporting period, Russian buyers purchased LADA cars on 67.3 billion rubles, MERCEDES-BENZ cars - on 57.7 billion rubles.

Used car weighted average prices and market revenue,
ТОР-15 brands, January-March 2020

Brand	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
TOYOTA	711 857	4.9	97 825	12.2
LADA	233 003	8.0	67 263	9.7
MERCEDES-BENZ	1 936 999	6.5	57 684	14.7
NISSAN	572 021	1.6	40 059	8.9
BMW	1 398 110	6.0	38 837	18.3
HYUNDAI	577 775	1.1	38 166	14.1
KIA	554 091	3.4	34 367	24.2
VOLKSWAGEN	653 282	1.8	31 632	12.2
AUDI	1 224 840	6.9	25 942	11.8
RENAULT	470 828	4.4	22 331	19.6
MITSUBISHI	618 685	1.9	21 653	4.2
FORD	459 489	2.4	20 478	4.9
LEXUS	1 803 371	5.1	20 418	12.2
HONDA	619 714	5.1	19 217	13.3
CHEVROLET	342 830	0.6	17 691	1.8

Source: Russian Automotive Market Research

Moscow is the absolute leader by the market capacity among Russian regions. Over the first three months of 2020, used cars on 66.8 billion rubles were sold in the capital.

Residents of the Krasnodar region, Saint Petersburg and the Moscow region spent a significant amount of more than 30 billion rubles on the purchase of used cars.

Used car weighted average prices and market revenue,
ТОР-15 regions, January-March 2020

Region	Weighted average price, rubles	Dynamics, 2020/2019, %	Market revenue, million rubles	Dynamics, 2020/2019, %
Moscow	927 262	8.5	66 758	6.0
Moscow region	667 236	5.1	47 344	9.4
Saint Petersburg	777 057	7.1	36 348	13.4
Krasnodar region	532 936	3.9	30 405	-2.3
Sverdlovsk region	531 139	7.3	19 333	17.6
Novosibirsk region	645 247	8.0	18 684	11.8
Primorsky region	696 321	5.1	17 020	6.6
Rostov-on-Don region	494 729	7.1	16 987	11.5
Tatarstan Republic	533 287	9.0	16 968	24.1
Bashkortostan Republic	470 430	6.8	15 855	18.4
Irkutsk region	628 350	3.5	15 401	14.9
Chelyabinsk region	499 300	8.1	15 328	18.0
Krasnoyarsk region	564 877	5.2	15 306	10.4
Nizhny Novgorod region	540 415	5.8	14 041	15.1
Samara region	506 207	5.9	11 890	17.6