“A lot of car junk”: the expert estimated the prospects of the market

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According to the head of the non-profit organization “Union of Automotive Market Professionals” Vadim Adiev, parallel imports and the Chinese car industry could not meet demand in 2022, and the situation in the Russian car market could not be stabilized. Car dealer customers who couldn’t buy a new car turned to the secondary market. But here too, demand was considerably greater than supply and prices also rose sharply, the connoisseur noted.

In his opinion, the owners were not eager to part with their cars, because they had nothing in return.

*This material was created by a person who has the status of a foreign agent in the Russian Federation.

“In 2023, the value of cars in Russia will increase more and more due to the shortage. There is a lot of “car junk” for sale: a car after an accident, after a taxi with twisted mileage, in pledge, with restrictions from the traffic police, etc. I think that prices will rise a little more in 2023 and will stop by 2020 grow with spring”, the expert reassured.

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Source: Autocode

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