| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 42.90 Billion |
| Market Size (2030) | USD 57.96 Billion |
| CAGR (2025 - 2030) | 6.20 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Used Car Market Analysis
The Russia Used Car Market size is estimated at USD 42.90 billion in 2025, and is expected to reach USD 57.96 billion by 2030, at a CAGR of 6.2% during the forecast period (2025-2030).
Over the long term, The growing preference of consumers toward personal mobility is likely to increase the demand for personal vehicles. Flexible payment options through online platforms have encouraged industry participants to offer used cars at a reasonable cost. Flexible finance options provided by car dealers across the country are likely to further enhance used car sales.
In the wake of the notable internet penetration rate in Russia, used car companies are adopting various business models and are focusing on increasing the visibility of the online marketplace to provide better opportunities for the customer to conduct proper research before delving into buying a used car. Such developments are expected to offer lucrative opportunities for players in the market.
Russia Used Car Market Trends
Sale of Used Hatchbacks and Sedans to Surge During the Forecast Period
- The hatchback and sedan cars segment held a significant market share in terms of revenue. These segments are projected to grow further during the forecast period. The growing consumer trend toward driving flexibility is likely to increase the demand for used hatchback and sedan cars across the country.
- Russia has a major presence of car dealers, including Volkswagen AG, BMW AG, and Mercedes-Benz, and these companies are expanding their dealerships across the country. The Russo-Ukrainian war has plunged car production in Russia due to the high demand for used cars. According to the Association of European Businesses (AEB), the sales of new cars in Russia declined by 58.8% in 2022.
- Major vehicle manufacturers reopened their manufacturing plants in Russia. Renault owns a controlling two-thirds stake in the Russian carmaker Avtovaz. High demand for Renault hatchback and sedan cars across the country is also witnessing major growth.
- Besides these factors, scarcity of luxury vehicles and other premium car models and long waiting times for new models are some of the key factors that are expected to influence consumers to opt for affordable and easily available hatchbacks and sedans. For instance, Volkswagen has suspended production at its Kaluga and Nizhny Novgorod sites in 2022 until further notice. Japanese company Suzuki suspended car exports to Russia and Ukraine from its Hungarian factory, and Daimler-Benz said it lowered output to two shifts at its Hungarian plant.
- Considering these developments and the attempts to improve the sales of used cars, especially hatchbacks and sedans, these segments are expected to witness significant growth potential during the forecast period.
Understand The Key Trends Shaping This Market
Download PDF
Rise in Demand for Used Luxury Cars in Russia
- The demand for used luxury cars across Russia is witnessing major growth. In February 2022, Russians bought 166 used luxury cars.
- Easy access to financing options, low entry prices, and annual maintenance contracts make the used car market more organized. The average age of used luxury vehicles coming into the market is between 2 and 3 years compared to 5 to 6 years for a mid-size or small-scale vehicle, making them a better option in some cases. Factors such as the growing consumer preference for luxury cars and the country's youth inclination toward the top brands operating in the market are expected to drive the demand for used cars.
- Countries around the world are tightening sanctions against Russia in response to the country's invasion of Ukraine, and as a result, companies are limiting, halting, or fully exiting business activities in Russia, including several automakers. For instance, in March 2022, Renault announced that it would suspend some operations at its car assembly plants in Russia due to logistics bottlenecks that have caused shortages in components.
- The decrease in new car sales indicates that the majority of consumers prefer used cars due to their own limitations, like economic difficulties and limited availability of newer models in the country. For instance, according to the Association of European Business (AEB), 55,000 new cars and light commercial vehicles were sold in Russia in March 2022. All brands, including European, American, and Asian brands, suffered losses, but the hardest hit among the big sellers were Volkswagen, Skoda, and Toyota. These trends indicate that the market for used luxury cars is projected to grow over the forecast period.
Get Analysis on Important Geographic Markets
Download PDF
Russia Used Car Industry Overview
The Russian used car market is moderately consolidated owing to the presence of several major and regional players in the market. Some of the key players in the market include Genser Auto, Inchcape, Drom, Fresh Auto, and ROLF, among many others. The players are currently focusing on capturing the growing used car market share in the country by adopting various growth strategies.
- May 2022: Renault sold its majority stake in the Russian car brand Lada. The company has sold its 68% share in AvtoVaz, Lada's parent company, for RUB 1.
- March 2022: Inchcape announced that it is pulling out of the Russian market as a result of the ongoing conflict in Ukraine. The company stated that in light of the current circumstances, they have concluded that the Group's ownership of its business interests in Russia is no longer tenable.
Russia Used Car Market Leaders
-
ROLF
-
Fresh Auto
-
Inchcape Plc
-
Drome
-
Gesner Auto
- *Disclaimer: Major Players sorted in no particular order
Need More Details on Market Players and Competiters?
Download PDF
Russia Used Car Market News
- January 2024: Used cars originating from South Korea are now being redirected to Russia starting from January 2024 through routes passing through Kazakhstan and Kyrgyzstan. These vehicles typically undergo customs clearance procedures in Almaty and Bishkek, the main cities of Kazakhstan and Kyrgyzstan, respectively. Subsequently, they are transported into Russia, primarily via truck and potentially by rail in some instances, with Moscow and Saint Petersburg serving as the primary destinations.
- October 2023: Japan imposed restrictions on the profitable trade of used cars with Russia, effectively eliminating Russia's primary source of pre-owned vehicles. Consequently, this has led to a decrease in prices for second-hand cars in Japan and has caused brokers to seek alternative markets, particularly those with right-hand drive systems, such as New Zealand, Southeast Asia, and Africa.
Russia Used Car Industry Segmentation
A used car is a pre-owned vehicle that has previously had one or more retail owners. These cars are sold through a variety of outlets, including independent dealers, online sales channels, and others.
The Russian used car market is segmented by car type, propulsion, and vendor type. Based on the car type, the market is segmented into hatchback, sedan, and SUV. Based on the propulsion, the market is segmented into internal combustion engines and electric. Based on the vendor type, the market is segmented into organized and unorganized. The market sizing and forecast for these segments are done on the basis of market value (USD).
| By Car Type | Hatchback |
| Sedan | |
| SUV | |
| By Propulsion | Internal Combustion Engine |
| Electric | |
| By Vendor Type | Organized |
| Unorganized |
Need A Different Region or Segment?
Customize Now
Russia Used Car Market Research FAQs
How big is the Russia Used Car Market?
The Russia Used Car Market size is expected to reach USD 42.90 billion in 2025 and grow at a CAGR of 6.20% to reach USD 57.96 billion by 2030.
What is the current Russia Used Car Market size?
In 2025, the Russia Used Car Market size is expected to reach USD 42.90 billion.
Who are the key players in Russia Used Car Market?
ROLF, Fresh Auto, Inchcape Plc, Drome and Gesner Auto are the major companies operating in the Russia Used Car Market.
What years does this Russia Used Car Market cover, and what was the market size in 2024?
In 2024, the Russia Used Car Market size was estimated at USD 40.24 billion. The report covers the Russia Used Car Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Russia Used Car Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
Our Best Selling Reports
Russia Used Car Industry Report
Statistics for the 2025 Russia Used Car market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia Used Car analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
