Fit Service: Auto parts prices could drop by 5-10% by the end of 2023

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By the end of 2023, the cost of auto parts in Russia may decrease by 5-10% compared to the beginning of March of the same year. Tatyana Ovchinnikova, director of the Fit Service international network of automobile services, said this in an interview with socialbites.ca. The expert noted that positive trends can emerge only in the absence of various shocks in the market.

“Auto parts prices depend on a number of factors. Like any imported goods, there is a direct dependence on exchange rate fluctuations. But if the exchange rate stabilizes and there are no new serious shocks in the market, then we expect average auto parts prices to fall compared to spring 2023. Ovchinnikova, by the end of 2023, the cost of consumables for popular car models may decrease by 5-10%.

In addition, the expert noted that the market of auto parts suppliers and manufacturers responded quickly to the demand emerging in our country. A large number of new players entered the market. New manufacturers have emerged with both inexpensive, high-quality and certified brands as well as premium products.

Previously in the State Duma suggested Build a mass recycling industry for used auto parts.

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