“Gray” imports could lead to lower car prices


Car prices go down if parallel imports can be adjusted. This was reported to TASS by experts from Otkritie Avto, the automotive business bloc of Otkritie Bank.

According to experts, the sales situation deteriorated in the first days of May and only 32.7 thousand cars were sold in April, according to AEB, which is 78.5% less than in the same month last year.

If the parallel import mechanism is debugged and car dealers find money for exchange, customs, transportation and compensation for the inevitable currency risks during conversion, our market will gradually start to fill with new cars of foreign brands. In the next 4-5 months, this could lead to a reduction of the current exorbitant prices not only for premium brands, but also for mass brands.

Before the May holiday, the Ministry of Industry and Trade has published a list of permitted goods for parallel imports. It includes some auto parts and spare parts as well as brands: GM, Chevrolet, Mitsubishi, Renault, Tesla, Honda, Nissan, Land Rover, Mercedes-Benz, BMW, Volkswagen, Skoda, Audi, Toyota, Lexus, Suzuki, Volvo and others .

It is true that an increase in gray imports could negatively affect the activities of those brands, including Russian ones, who want to restore local car production and regulate supplies. They will be forced to lower prices and operate with a smaller share of the profits.

But cars imported under the parallel import scheme are not included in the business statistics of official distributors of foreign brands. True, there are still statistics on car registrations with the traffic police, but few people have access to them.

Source: Z R

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

More from author