Due to the weakening of the ruble, the price of cars in Russia will increase by 15-20%. This was said by Vladimir Zhelobov, head of department for the acquisition of Avtodom Group of Companies and AvtoSpetsCentre Group of Companies, informs “Russian newspaper”.
“Due to currency fluctuations, the next cars that come to dealerships will cost 15-20% more. The prices of cars imported to Russia through parallel imports are increasing after the dollar and euro exchange rates. As a result, the final cost of imported cars is also increasing. Zhelobov said there are no prerequisites for price reductions.
According to him, due to increased prices, some market participants will begin to conclude contracts with Chinese brands that were not previously represented in the Russian Federation, while others will replace parallel imports with the purchase of used cars from the domestic market.
The head of the dealership of the Fresh car market, Evgeny Zhitnukhin, suggested that the prices of cars produced in Russia will also increase. He noted that the decrease in the consumption ability of the population due to rising inflation may limit the increase in prices. But according to Alexei Tuzov, an independent expert in the transport sector, domestic cars are less dependent on the current exchange rate due to the localization of production.
The dollar rate on the Moscow Stock Exchange last Friday for the first time since March 29, 2022 exceeded Exchange rate of 89 rubles and euros rose up to 97 rubles.
happened before known About AvtoVAZ’s plans to continue production of the Lada Granta in Club and Cross Quest trim levels.