By John Meyer, consultant in financial affairs – Eurasia Business News, April 10, 2025. Article No 1479.

Since the beginning of the year, 213 Chinese car showrooms have closed in Russia due to the loss of investors. This was stated in TASS with reference to a study by Gazprombank Autoleasing.

Of the 274 car dealerships that closed, 213 were in Chinese showrooms. This is more than for the whole of 2023, in which 187 salons were closed.

The leaders in dealer losses were Bestune (26 closures), Kaiyi (20) and DFM (16). Geely, Jaecoo, Jetour and LiAuto showrooms are also closing. The Exeed and JAC brands lost 2% of the number of showrooms each.

GAC and Haval show stability for investors. The Haval Pro sub-brand is developing in Russia, and the brand increased the number of salons from 75 to 80 in the first quarter. Chery (206), Geely (199) and Changan (200) brands retain their positions in terms of the number of open showrooms.

At the same time, 124 Chinese salons were opened in the first quarter. This is two times less than in the same period a year earlier. Now there are 2.7 thousand Chinese showrooms in Russia. KGM has the most new locations (24). The leader in the total number of locations is the Chery brand (206), Geely is in second place (199), and Changan is in third place (200). GAC managed to keep its 94 showrooms. Haval Pro has grown from 75 to 80 salons.

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Russian dealers and importers announced large-scale sales of Chinese cars in March. They offered discounts of up to 1 million rubles to free warehouses from excess stock. The sales period, according to experts, will last until mid-summer 2025, after which, when the stocks are sold out, prices for new supplies may rise again.

According to Autostat business data, sales of new cars in Russia in the first week of April increased by 16% compared to the last week of March, amounting to 24.4 thousand units. The general director of the agency, Sergey Tselikov, noted that there is a trend for recovery in the market. According to market participants, sales in April may grow to 87 thousand cars.

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© Copyright 2025 – Eurasia Business News. Article no. 1479.