Price increases for new Chinese cars in Russia will occur in the first months of 2025. Renat Tyukteev, General Director of New Vehicle Sales at Avilon AG, told socialbites.ca.
“New car prices started to increase in October. Growth is smooth; It was at 3% to 5% in October, and the same growth will continue in November. “In December, the price increase will be minimal, the main impetus for Chinese cars will be at the beginning of next year, because the yuan will become more expensive against the ruble, which will affect purchase prices in rubles,” Tyukteev said.
In addition to the exchange rate, prices are rising due to the Central Bank’s high interest rate, which makes loans expensive, and the increase in the recycling fee, which will be increased again in 2025. The argument against further increases in prices is that the demand for cars decreased in November due to the general increase in their prices and high credit rates. The expert explained that, in the meantime, car dealers no longer have the opportunity to give discounts to potential buyers.
Read about how many cars may become more expensive in Russia in the coming months and how much time is left before prices rise. material “socialbites.ca”.
Russians before in the name most popular cheap used cars.