Belarus vehicle industry in 2023 rises exponentially after a slow start in Q1. Total sales reach 22,942 (+33.1%). Market leader Geely, 62.8% market share, asserts its dominance growing 231.0%.
Market Trend and Outlook
Belarus’s vehicle market in 2023 grew after Q1 being slightly negative, totalling 22,942 sales (+33.1%). December records 3,480 sales (+78.4%).
Looking at cumulative data from 2023 brand-wise, the leader Geely reports an 231.0% increase in sales YTD while holding 62.8% market share, followed by UAZ which gained 158.7%, reporting a great performance on the podium. Closing the Top 3 we have Lada -down 1 spot- reporting a 64.8% loss.
The best-selling car becomes the Geely Tugella, up 427.7% from the prior year and 2 spots in the rankings, followed by the Geely Coolray up an extraordinary 565.3%.
