By the end of this year, new car prices will increase by 15-20 percent. This was reported to socialbites.ca in the press service of the Avtodom dealer holding. According to the interlocutor, in the first week of August, the demand for cars in the automobile market increased sharply due to the weakening of the ruble and the increase in the recycling fee. At that time, sales reached a record level of 29 thousand cars.
Later, the increase in prices and the Central Bank’s interest rate hike in mid-August slowed the pace of sales.
“A new update to the price lists is expected before the end of the year. New car prices can increase by up to 15-20% due to fluctuations in the ruble exchange rate and high customs clearance costs. At the same time, the recycling fee for premium cars will be up to 1 million rubles. As a result, the prices of cars in this segment will increase by about the same amount,” he said.
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