Market Share of Russia Used Car Industry
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
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ROLF
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Fresh Auto
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Inchcape Plc
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Drome
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Gesner Auto
*Disclaimer: Major Players sorted in no particular order
