Large car dealership holding companies are waiting for a rise in car prices in the first quarter of 2023. The lack of cars and higher logistics costs over the past year have led to this, says Andrey Olkhovsky, general manager of Avtodom Group of Companies.
“Prices for cars will rise, there are no conditions for their reduction. It feels like they will be about 10% higher than current levels. The cost of cars will depend on exchange rates and logistics supply chains,” Olkhovsky explains.
According to the expert, stocks of cars from countries that have imposed sanctions will run out in January-April 2023. Against this background, Chinese cars will not get cheaper either, as manufacturers from the Middle Kingdom will continue to increase profits.
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A source: BAG
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