Do sanctions spell the end for the Russian car market?

Russia’s car market was described as having “endemic volatility” for its never-ending boom-and-bust cycles since entering the post-Soviet era. But it hadn’t experienced a bust quite like the one that followed Russia’s invasion of Ukraine.

Sales have collapsed 60% in the first nine months of the year, compared with 2021, according to figures from the Russia-based Association of European Businesses.