According to a report by Rosstat, passenger car tire prices have increased by 23.5% in early 2023. This is twice the official inflation rate (+11.94%).
The price increase affected both imported tires and domestic tires. Midway through the season, when demand for winter tires fell, prices fell only for domestic brands. For example, an 18-inch Cordiant Snow Cross 2 tire now costs RUB 7,866, which is 7% lower than a year earlier.
*This material was created by a person who has the status of a foreign agent in the Russian Federation.
Compared to last year, prices for summer tires of Russian and Chinese brands have not increased as much as those of European, Japanese, Korean and American brands. And this was reflected in demand: for example, sales of the Russian brand Kama grew by 2.2 times, Viatti – by 68%.
In 2023, price growth will slow down, experts expect only a slight price increase, but no shortage. In Russia, production of mass-market tires is going well and Chinese manufacturers will also increase their market share.
Before the winter, many dealers overestimated the consequences of abandoning the brands and overstocking: unsold stocks of Chinese-made winter tires remained in warehouses.
The only problem is with rare size tires: they are not easy to find now and their prices have gone up.
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Source: Autonews.ru