In October 2024, the price of used cars in Russia will increase by 15%. About this report Izvestia, with reference to Avto.ru Business Sales and Development Director Daniil Shkurygin.
“Due to the active sales of new cars, the choice of used cars is gradually increasing, and this, combined with the increase in recycling collection and import volumes, has the effect of slowing down the decline in prices of used cars. According to our forecasts, September will be stable, but from October we will most likely see an increase in prices of used cars of up to 15%,” predicts Daniil Shkurygin, Director of Sales and Development at Avto.ru Business.
Before that, the Russian Association of Automobile Dealers (ROAD) sent The government has proposed to postpone the indexation of the recycling fee for cars for five years.
The organization notes that the increase in the rate of recycling collection is associated with a number of serious risks for the industry. The association recalls that the price of passenger cars in Russia has doubled over the past 2.5 years. The same amount of cars is expected to increase in price by 2030. Taking into account the growth in recycling collection, Russians will be able to afford to buy a car by 5-7%, and new car sales will not exceed 600 thousand units, which “will allow the development of new cars”, spare parts and car production are irrelevant, ROAD emphasizes.
From October 1, the size of the recycling fee in Russia may increase by 70-85%. Anticipating this, Russians rushed to buy cars. Demand for them increased by 42.4% in July. A total of 136.2 thousand cars were sold in a month.
It’s happened before knownChinese cars are the ones Russians are most willing to buy.
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Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.