Russia has overtaken Germany as Europe's largest car market
9 July 2008

Russia has overtaken Germany as Europe's biggest car market, an official report has revealed.

The PricewaterhouseCoopers document showed that new car sales in Russia rose by an enormous 41 percent during the first half of this financial year - with a total of 1.65 million cars sold.

Russian car deliveries are expected to total 3.8 million by the end of the year, with Germany's expected to reach just 3.2 million.

Spending on new vehicles in Russia totalled a record $33.8 billion during the first half of the year, of which $27 billion worth of new cars were imports.

The country's oil-based economy is to thank for its growing wealth. But few big industry players predicted the speed in which Russia has become a key European market.

Carlos Ghosn, boss of Renault-Nissan, said six months ago he thought the Russian car market would overtake Germany's "within two years". While John Fleming, Ford's European chief, said it might happen in 2009.

Now the PWC report says that Russia will account for 20 percent of global growth in the automotive market through to 2015.

Will Powell

Add your comment

Log in or register to post comments

Find an Autocar car review

Driven this week

  • Citroën C3 Aircross
    First Drive
    17 October 2017
    It's got funky looks and a charming interior, but it's another small SUV, and another dynamic miss. Numb steering is just one thing keeping it from class best
  • Skoda-Karoq 2.0 TDI 4x4
    First Drive
    16 October 2017
    Diesel version of Skoda’s junior SUV is unobtrusive and undemanding, but we’d still go for the silkier petrol version of the Karoq
  • Audi Q7 e-tron
    First Drive
    16 October 2017
    Expensive and flawed but this understated diesel-electric Audi Q7 has a lot to offer
  • Citroën C3
    First Drive
    16 October 2017
    Is the third gen Citroën C3 ‘fresh and different’ enough to take on its supermini rivals? We spend six months with one to find out
  • BMW X3
    First Drive
    15 October 2017
    A satisfying rework of the X3 that usefully improves its handling, cabin finish, space and connectivity to make this BMW a class front-runner again