State Management University (SUM) World Economy and International Economic Relations Department Lecturer Assoc. “Lentoy.ru” He acknowledged that the rise in automobile prices in Russia will continue.
According to the expert, the global auto market has not reached pre-pandemic levels due to disruption of supply chains. As a result, many production facilities are idle, causing car prices to rise in all regional markets.
Pasko noted that the refusal of many European countries to export cars also affected the Russian market. Prices rise until the shortage is removed. However, according to the economist, this dynamic is not the same as in February-March this year.
He also said it is difficult to predict whether the growth will be offset by an increase in used car imports.
Pasko added that currently all automobile imports to Russia belong to two countries, China and Japan. This leads to persistently high prices due to lack of competition.
Former automotive expert Maxim Kadakov declarationthat the prices of new cars may decrease when they saturate the domestic market.
Source: Gazeta
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