The fall in car prices in Russia is due to the stabilization of the industry, Pavel Sigal, first vice president of Opora Rossii, explained in an interview with Lenta.ru. This is an indicator of calmness and confidence from both suppliers and sellers.
The fact is that, due to the difficult logistics, the auto market is a rather clumsy and slow industry, so it will return to normal later on compared to other retail sectors.
But it is still a long way from the previous values. To restore demand, prices must move closer to citizens’ purchasing power, he said.
The same goes for the used car market – prices there are now inflated as it targets the primary market.
So those looking for a car are not recommended to rush to buy. Moreover, as more Chinese manufacturers enter the market, competition will increase and prices will fall further.