Auto dealers’ warehouses are experiencing stagnation in their stock of cars, which sometimes go unsold for two months or more. This was reported by 74.ru.
The publication states that this situation is due to citizens expecting discounts on cars. Therefore, dealers abandoned the traditional price increase in December 2023 and began to offer generous offers to customers.
The problem is said to have arisen due to decreased demand in the second half of 2023. The market was saturated with cars, plus the recycling rate increased. Another reason was the increase in the key interest rate, which directly affected the number of loans given.
Before that, Oleg Moseev, founder of the Automarketer project statedDespite the high car sales plans of Chinese companies for 2024 in Russia, Chery is the country with the largest excess of unsold cars.
At the same time, the situation with stock varies by region, and there are regions where Chery’s stock is normal, but there are regions where Geely or Exeed’s normal car stock levels are high.
Previously Kia’s Russian office discovered in Kazakhstan.