Belarus’s vehicle industry in March 2023 falls for the 13th month in a row, reporting 1,202 new registrations (-24.6%). Q1 figures at 2,923 are down 60.6% from the previous year. Geely dominates the market holding more than 70%.
Market Trend and Outlook
Belarus’s vehicle market in March 2023 falls for the 13th month in a row, with 1,202 new registrations (-24.6%). Q1 figures at 2,923 are down 60.6% from the previous year.
Looking at cumulative data from Q1 2023 brand-wise, the new leader Geely reports an 84.3% increase in sales YTD while holding 70.7% market share, overtaking Lada which lost 82.5%, reporting one of the worst performance on the podium.
The best selling car becomes the Geely Coolray, up 132.6% from the prior year and 5 spots in the rankings, followed by the Geely Atlas Pro up an extraordinary 676.2%.
