Used Car Prices in Russia Continue Upward Trend into August
Recent data show that prices for used cars in Russia have climbed for a fifth consecutive month, with August recording the sharpest rise seen in 2023. This trend is highlighted by analytics firm Avtostat, which tracks market movements across the country.
Analysts note that the average price of a passenger car on the secondary market in August stood at about 1.47 million rubles. That figure marks a 3.8 percent increase from July, amounting to roughly 54 thousand rubles. When compared with August of the previous year, prices on the used-car market rose by around 18.5 percent, or about 230 thousand rubles, signaling a sizable annual drift in consumer costs (Avtostat findings).
Price dynamics vary by model and vehicle age. For instance, a three-year-old Toyota RAV4 crossover showed an approximate 21 percent year‑over‑year increase. In contrast, both a five-year-old Lada 4×4 SUV and a seven-year-old SUV saw notable gains, with Hyundai Solaris reporting even stronger growth at about 29 percent over the same period. These shifts reflect shifting demand, supply constraints, and macroeconomic pressures influencing pricing strategies in the used-car market (Avtostat insights).
Analysts also observed a notable uptick in new-car prices that began in the spring and persisted through the summer. Between August 1 and August 15, amid the introduction of new recycling fee rates, a number of automakers raised sticker prices in Russia. In total, thirteen car brands lifted their prices during this interval, highlighting how policy changes intersect with pricing decisions in the automotive sector (industry reports attributed to Avtostat and market observers).
Background context for these movements includes strategic introductions in the market, such as the launch of new models by domestic manufacturers. For example, the release of the Lada Aura business sedan marked a notable milestone in the evolution of Russia’s automotive lineup, contributing to the broader price trajectory across both new and used segments. Market watchers emphasize that such developments can influence consumer expectations and spending in the near term (industry commentary and Avtostat data).
Overall, the Russian automotive market shows a persistent tilt toward higher prices in the used-car segment, driven by a combination of model mix, age, policy factors, and shifting consumer demand. Analysts advise buyers to monitor the market closely, compare offers across regions, and factor in potential regulatory changes that could affect prices in the coming months. The ongoing price dynamics reflect a complex interaction of supply, policy, and economic conditions that shape car ownership costs for households and fleets alike (Avtostat analyses, market observers). (Attribution: Avtostat; industry analysts)