Pango Cars automotive ecosystem has launched an auction for the sale of second-hand cars in the Russian market. The company’s press service reports this.
The message says, “As part of the digital auction system, dealers can exchange both their own second-hand cars and the cars of individuals who want to sell their cars.”
It is noted that now, for example, a dealer from Krasnodar, where the cost of a car is higher than the market price in Russia, can buy a car from Moscow at the best price. Or, for example, it will be possible to buy an unpopular model from Kazan and send it to Chelyabinsk, where demand will be high.
It happened before that knownIt was stated that in January 2024, new passenger vehicle stocks in the warehouses of major Russian dealers reached the highest level since the beginning of 2022.
For example, the Rolf company has 4.5 thousand cars in its warehouse against 4.2 thousand and 4.3 thousand cars in 2022 and 2023, respectively. The overstocking stems from Chinese automakers trying to max out dealer warehouses by the end of 2023. The stock of such machines reaches two months’ sales volume.
It will take a few months for dealers to sell their excess cars. At the same time, sellers will have to give discounts to buyers.
happened before knownHe said that dealers started to give discounts on cars worth 300 thousand rubles due to clogging of warehouses.