Forecast: Prices for New Chinese Cars in Russia Seen Rising Amid Ruble Decline

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Industry observers in Russia anticipate a rise in prices for new Chinese-made cars, driven by the ongoing devaluation of the ruble and growing freight costs. This forecast comes from market representatives cited by RIA Novosti and suggests that the momentum of price increases could unfold over the next several months.

According to Maxim Zlatokrylets, who leads new-car sales at a major dealership, the weaker ruble and persistent logistics expenses are likely to push retail prices higher. He notes that while margins on Chinese brands remain robust for the time being, the external cost pressures are beginning to translate into higher sticker prices in the near term. His comments were offered in response to questions about whether prices for Chinese automobiles would rise within the next three months.

Another prominent retailer, Avtodom, echoed a similar outlook, forecasting an average price uptick of around 10 percent for Chinese vehicles in the near future. The final price level will hinge on evolving logistics costs and currency exchange rates. A statement from the press office of the AvtoSpetsCentre Group of Companies underscored that prices for new Chinese cars are unlikely to fall, stressing that there are no signs of easing price pressures in the current market environment.

Meanwhile, in industry news from China, a new variant of the Tank 300 frame SUV has been revealed with the Cyber Knight designation. This model targets a younger buyer profile and will be released in a limited run of 7,000 units, signaling continued expansion of Chinese brands into diverse market segments.

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