The prices for used cars under fifteen years old have shown signs of stabilization after a period of steady growth. In the latest month, the average price for such a vehicle rose by just 0.5%, according to Avto.ru Magazine, which cited data from the classification database. This modest uptick marks a shift from sharper increases seen in previous months and suggests a cooling of the secondary market after a run of gains.
As December began, the typical price of a used car stood at 2.19 million rubles. Earlier in the autumn, prices were climbing more aggressively. At the start of November, the average price reached about 2.18 million rubles, while at the beginning of October it was around 2.13 million rubles, representing a 7.6% rise from September. Over the course of the year, the overall price level on the secondary market advanced by roughly 465 thousand rubles, with the December average reflecting a substantial gain from 1.73 million rubles at the start of the previous year.
Analysts point to several factors behind the shift in price momentum. A slowdown in buying activity, a release of pent-up demand in the used-car segment, and higher loan costs are all cited as contributing influences. These dynamics help explain why price appreciation has cooled after a period of rapid growth and how lending conditions can influence consumer decisions in the second-hand market.
In November 2023 Russia recorded sales of 109.7 thousand new passenger cars, which is about twice the level of sales in the same month of 2022. This surge in new-car activity underscores a period of strong demand within the broader automotive market and provides context for the trends observed in the used-car sector as buyers balance fresh options with existing inventories. It was announced that Livan will introduce two new models to the Russian market in 2024, signaling ongoing diversification and expansion in the domestic car lineup.