While the global car market shrank by 3.5% in August, 6.89 million passenger and light commercial vehicles were sold in the last month of summer, according to consultancy GlobalData.
China led the way in car sales in August with 1.97 million cars. In the US, companies managed to sell 1.43 million cars. However, Western European car markets managed to sell 0.76 million cars, while Eastern Europe managed to sell 0.36 million cars. The increase in car demand in Eastern Europe is said to be mainly due to Russia. Purchasing activity in the country increased due to the increase in recycling collection in October.
Additionally, dealers sold 0.26 million cars in South America, 0.33 million in Japan, 0.16 million in Canada and 0.13 million in South Korea.
It happened before that knownIt was stated that the Ministry of Industry and Trade approved a long-term indexation scale for the recycling fee of cars until 2030.
The recycling fee for vehicles and trailers will be indexed from October 1 this year: In the first phase, the rate will increase by 70-85% and will then be adjusted by 10-20% each year from January 1.
According to Anton Shaparin, vice-president of the National Automobile Association, with the first increase in the recycling fee, the cost of basic Chinese cars will increase by 300 thousand rubles, or 10-20% of the current price. He also believes that AvtoVAZ will raise prices for Ladas from 100 thousand rubles to 200 thousand rubles, depending on the model.
Russians before It has been saidHow expensive will new cars be by the end of the year?
What are you thinking?
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.