[Russia Closes Over 210 Chinese Brand Car Showrooms in Three Months]
On April 10, the Russian Business Consultancy reported that according to a study by "Gazprombank Auto Leasing Company," more than 210 Chinese brand car showrooms were closed in Russia from January to March 2025. This number is three times higher than the same period last year.
The report stated, "Unlike the past two years, Chinese brand showrooms began losing investors in large numbers in the first quarter of this year. In just three months, 213 showrooms were closed." This figure is more than double the number of showrooms that ceased operations in the first quarter of 2024 (67), and even exceeds the total number of showrooms closed in all of 2023 (187).
Among them, FAW Bestune closed the most showrooms, with 26 outlets shutting down. Kaiyi ranked second, losing 20 dealerships, while Dongfeng Motor (DFM) came third, closing 16 showrooms. Geely, JACO, Jetour, and Li Auto made their debut on the list of top ten brands with the highest number of closures.
The report pointed out that if the current trend continues, by the end of 2025, the number of Chinese brand car showroom closures may set a record, and the overall number of retail car showrooms will drop significantly below 4,000 again.
Meanwhile, Chinese brand Chery remained at the top in terms of the number of foreign brand showrooms, with a total of 206 outlets. Geely ranked second with 199 outlets, and Changan was third with 200 outlets.
According to data from "Gazprombank Auto Leasing Company" and "Automotive Business Review," the number of Chinese car manufacturer showrooms closed in Russia in 2024 increased 2.4 times compared to the previous year. According to their data, a total of 449 Chinese brand car showrooms were closed in the past year. Most dealers voluntarily terminated contracts as they did not achieve expected profits.
In addition, the large number of dealers closing showrooms was due to their stringent policies and insufficient commercial profits, which can be attributed to intensified competition: too many showrooms were opened.
Original Source: https://www.toutiao.com/article/1829024019222540/
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